Day Care Costs

If approx. 1/2 your salary would be going to daycare costs, is it worth it to go back to work or just stay home?

I think we can stretch it and be able to live on my husbands salary but I don't want him to be under all that pressure.

What is everyone planning to do?

Re: Day Care Costs

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Posted by M&M2004

If approx. 1/2 your salary would be going to daycare costs, is it worth it to go back to work or just stay home?

I think we can stretch it and be able to live on my husbands salary but I don't want him to be under all that pressure.

What is everyone planning to do?

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That is my situation EXACTLY. I cant see spending half of my salary on day care so I dont think Im going to keep my job. I think Im going to find something part time and make it work.

My issue is what to do about leaving. Should I quit before my due date or while IM out on disability. Or should I come back after dis. and quit.

Re: Day Care Costs

Disability? Is that like Maternity leave? My maternity leave is unpaid but I can use sick time and comp time for it. I only have about 3 months saved up but it will have to do.

Re: Day Care Costs

My company pays up to 75 of salary for the first 6 weeks. and the rest is unpaid.

Re: Day Care Costs

I think if you can make it on his salary, then go for it and stay home! When I was on maternity leave I tried everything with our budget to see if I could stay home, and unfortunately it would just not work out. Mostly because I have the medical, 401K, stock, etc. I cut it down so much that we would only have one car but we wouldn't have been able to buy the gas for the car-lol!
I think everyone does what is best for their family and if you and your husband talk about your budget, I'm sure you will come to a conclusion of what would be best for you.

Re: Day Care Costs

Or you could do what I do and work in childcare....I get to make money and have my daughter with me all day.

Re: Day Care Costs

This is exactly the dilemma I am going through right now.. I want to be a SAHM, but I don't know if that is going to be fair to DH, placing the financial burden on him.
I work at hofstra and daycare here is 1/2 my salary... It seems like a big waste.. Why would I work for 1/2 the amount of $ I was making before the baby? I already complain that I am not making enough $!!!

Re: Day Care Costs

I think what we are going to do is have me stay home for as long as possible and then I'll go back to work part-time. Hopefully if I can work at night my DH would be able to take care of the baby and then we wouldn't have to pay for daycare.

We'll see how it turns out.

Re: Day Care Costs

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Posted by Rainmama

Or you could do what I do and work in childcare....I get to make money and have my daughter with me all day.

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THis is exactly the same reason I love my job!!!