Friday, April 20, 2012

Child Care Costs Make Quitting Easy For Many Moms

By Rachael

More moms are opting to leave their jobs in favor of staying home with their children. The reason is not simply so they can witness the first smiles, steps, and words. It’s finances. Child care is expensive, and many lower- and middle-income families see no real monetary gains after forking over money for child care. It’s becoming more common to hear moms say they can’t afford to work.


 
It certainly is the case for our family. Child care costs would easily have eaten up half of my income as a journalist, and now that we have two young children, we might spend more on child care than I would earn in a year.


One mother quoted in the article link above earned $48,000 a year as a teacher but would have made $18,000 after taxes, health insurance, retirement, and child care costs were factored into her salary. "It wasn't worth $18,000 for us to let somebody else raise our son," she said.


How about you moms out there? Does it make more financial sense to quit your job and stay home with your children or do you need that second income?


You can contact Rachael by emailing her at rachael@mumblingmommy.com.


Other Posts You May Like:

Moms Work Hard For The Money... Or Lack Thereof

A Day In The Life Of A Working Mom

Three Store-Bought Indulgences You Can Make At Home

2 comments:

Mommyof4 said...

I agree! I stay home with my son because it's what I've always dreamed of doing (the financial thing was just an added reason). However, when I started caring for children in my home it became evident that most moms don't have a clue what quality childcare costs and how it will affect their paychecks. Many women accept or plan to return to jobs where they are being promised a certain amount of take-home pay. They look at this figure and think, "That's great!" THEN they begin to look for childcare. When confronted with a cost of having a responsible, loving, and educated adult care for their children, they become angry and sometimes argumentative. It seems that most moms ‘shop’ for childcare the way they look for deals on food! I know the feeling of longing to contribute to the family finances, and how helpless it can make you feel, but I would urge moms to run the numbers before searching for employment. Is it worth any amount of income for your child to be raised by a “bargain babysitter?”

Anne said...

For me, I think it's better for a mom to stay at home. This will give her the chance to be more attached with her children. Moms can still work while at home without compromising the essence of being a mother. There are more available work from home jobs online. In this manner, moms will be able to attend to her children's needs in case of sickness, illnesses and other undesirable happenings.

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