(Closed) So… I did the math, and I can't afford to go back to work.

posted 7 years ago in Pregnancy
Post # 17
Member
133 posts
Blushing bee
  • Wedding: July 2013

I’m glad you always wanted to be a stay at home mom, this would be much tougher if you didn’t! I am a part time student, (I was working full time and going to school part time before we had our daugther), and it might not be as difficult as you think money wise. There are other ways that you will be saving money besides childcare, such as gas, clothing (casual clothes are generally cheaper than work clothes), food (if you were eating lunch out or dinner out a lot since you were not home). Not all of that will apply to you probably but some of it should, and it will help balance out some of the cost of a second baby. I was really worried when we realized I shouldn’t keep working (for us it was the cost of childcare plus the fact that with FI’s schedule if I tried to keep doing both we would never see each other and that just wasn’t worth the little bit I would actually be making after childcare), but we really looked at all of our budget and it’s worked out perfectly fine for us.

Post # 18
Member
9053 posts
Buzzing Beekeeper
  • Wedding: June 2010

Childcare is so expensive.  We’re in the same boat that our one baby will be over half my income as it stands.  The “fortunate” thing is that we both work for a 24/7 operation so staggering our shifts to minimize our childcare needs is an option.  We may never see EACHOTHER, but the kid will be taken care of at least.

Post # 19
Member
3501 posts
Sugar bee
  • Wedding: March 2002

pretty much the same thing here! people can spend thousands a month on daycare and some daycares charge at least $500 A WEEK. i was a teacher & that was my income alone. i left teaching to nanny where i made more and from nannying i took home about $2000 a month and its just not worth it to us to put all that money into daycare plus gas and dealing with daycare providers being sick, or calling in sick to work if the babe is sick. so ill be Stay-At-Home Mom too. ive been home for a few months now as a Stay-At-Home Wife so we know that living off of DHs income is possible.

Post # 20
Member
1030 posts
Bumble bee

@UK Bride:  Oh man!

I’m in Brighton and it’s still crazy expensive here, too. I was actually looking at childcare expenses today at work (I’m an Office Manager) and I worked out that putting 1 child into nursury would cost me half my salary (not to mention reduced working hours!) so twins would just be a financial nightmare.

Plus – I’m not working in my dream job and 50% pay would be soooo un-motivating!

Thankfully Fiance is set on me eventually becoming a Stay-At-Home Mom – it would be his biggest achievement knowing he could afford to provide for his family!

Post # 21
Member
79 posts
Worker bee
  • Wedding: May 2013

Daycare is very expensive.  With that being said, I recommend looking into private at home daycares.  They’re usually much less money.  My son went to an at home daycare for his first three years of life.  I paid $150/wk.  At taht point, I wanted him to get some schooling and put him in a big preschool/daycare center.  I pay $240/week now.  We plan on having a baby after my son starts public school next fall. 

Post # 22
Member
1966 posts
Buzzing bee
  • Wedding: September 2013

Is thers no way to advance at your current job? If it were me (my daughters preschool is about the same $$) I would try to find a job where I could make more money. Or try to get a promotion. I know its easier said then done. 

Post # 23
Member
1966 posts
Buzzing bee
  • Wedding: September 2013

@Ladybuglacy:   same here with waiting for dd to be in public school before baby #2. Her preschool is crazy expensive but definitely worth it. 

Post # 24
Member
269 posts
Helper bee

when i was a single mother i used daycare while i was in school. and because my income was based off student loans i paid $7.63 a month through job and family services. i was told i could have an income of $3000 a month and still recieve a discounted tuition fee of around $500 a month for two babies. that was also the finest daycare in my area…i feel blessed. and when my kids go back this summer their tuition will be about $50 a month bc i now have another baby based off my income. i did online classes this semester bc i had my baby in august and wasnt ready for her to be around sick kids all winter. it might be slightly more bc of Fiance income.

Post # 26
Member
3586 posts
Sugar bee

Not in this situation, but before I had our daughter, I wanted twins. Once she was born, I saw how it isn’t as easy as you expect, (And I DIDN’T think it was easy.lol) I said I didn’t know how people with twins did it! Hats off to you mama!

Post # 27
Member
1401 posts
Bumble bee
  • Wedding: September 2012

Darling Husband has said he may have to get another job to cover the cost of daycare. I would love to stay home but I make more than him but not enough to support the 2 of us. I’m praying we find something by July that we can afford.

Post # 28
Hostess
8146 posts
Bumble Beekeeper
  • Wedding: October 2012

@lookingglass:  +!  Darling Husband is looking FORWARD to supporting me! Luckily i want to be a Stay-At-Home Mom (plus try and do and sell my srtwork when i can for extra $)

Post # 29
Member
580 posts
Busy bee
  • Wedding: May 2012

I’d love to be a Stay-At-Home Mom, but it’s not financially feasible for us at the moment. Luckily, we live close to family, and that is who is going to keep our baby. 

Post # 30
Member
13095 posts
Honey Beekeeper
  • Wedding: July 2010

I’ve always wanted to be a stay-at-home mom but had I wanted to go back to work, we’d probably be losing money by the time you factor in gas and such.  My job pays me less than full-time day care costs.

Post # 31
Member
1096 posts
Bumble bee
  • Wedding: June 2011

If I had more than one I’d have to quit my job too. Daycare here costs around $1,000 a month, there’s one by us for $800 and some up to $1200-$1500 so that would be pretty much what I bring home. 

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