Mommysavers › Forums › Frugal/Simple Living › Spending Less and Saving More › Money Saving Tips: Household › Is the job worth childcare costs?
New Posts  All Forums:Forum Nav:

Is the job worth childcare costs?

post #1 of 16
Thread Starter 
http://money.cnn.com//2012/04/18/pf/moms-work/index.htm?section=money_pf&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_pf+%28Personal+Finance%29&utm_content=My+Yahoo

In my case it hasn't been but, when I worked outside of the home, I took a job that had crazy hours to avoid the childcare cost. Luckily for me, DH worked from home and during the year and a half that he had to travel, my mother and once in awhile my brother and his wife watched the kids.

Even now, one of the reasons we do our current work is because it allows our children to remain at home with at least one of us.

What about you? Is childcare worth the job?
post #2 of 16

In our situation it is not worth the cost. I have 3 kids that would require daycare even some evenings until after 6pm and weekends if I worked since dh works 5am to whenever wich generally 4pm or 5:30pm(drive time for him over 30 min home) m-f and works 5am to 11 or 1:30pm on Saturdays. So not only would I be paying major daycare but finding those later evening plus weekend sitters for a good quality one not easy.
 

Then you have to factor in the full time care for summer and school breaks yeh here for summer for 3 kids m-f full time would cost me $400 bucks umm yeh would not work.  So until I can get a job in a school even a district near me it does not make financial sense at this time.

 

I did work when my two oldest were younger until I was in the hole from daycare and other expenses I save on car insurance now, no professional work clothes, eating out wich we did because I was to tired to fix dinner at times. So we tried it for many years and overall  was not worth it.

post #3 of 16

So far no. I did try to work a flexible schedule job when DD was in 3rd grade. All that cost was an after school drop in program at $7 a day and I didn't have to send her every day because sometimes I could work from home. The financial side was do-able, but the emotional and physical costs on my family were way too much so I had to quit.


 

post #4 of 16

Only factoring child care, it was worth the cost.  My previous employer would have paid my child care if I was on dh's health insurance.  Even if that wasn't the case, it would have paid for me to continue working.  However, it is not worth me commuting 45 minutes each way, dropping off my children at 6:30am and getting home to my children at 5:30pm every night.

post #5 of 16
I don't work now, but if I HAD returned to work it would have been worth it financially. When I quit my job over 20 years ago, I was making about $50,000/yr. I could have easily paid for child care with that much money back then and still had plenty to bank. So I didn't leave the work force for financial reasons as much as for lifestyle reasons.
post #6 of 16
I am dealing with this right now. I have full custody of my two daughters. I can live off of my child support, just barely. It isn't worth me going to work until they start school again in the fall, and then finding something where I only work while they are in school. We are very low maintenance or taking this summer off wouldn't be possible at all.
post #7 of 16
Yes, it is worth it! My kids always loved daycare. I have been a sahm for various periods of my 26 years of being a mom. I was not working when my youngest was born, but my 3 preschoolers had been going to daycare full time since I was on bed rest for 5 months. After the baby's arrival, I had to find a job because my kiddos were begging me to go back to daycare! Also, I am so much happier and productive when I am working. Now I have the best of both worlds. I work at a school, so I am home when my kids are home and still get to work without worrying about my kids who are still home. Pay sucks, but it is better than nothing, and it is a great job!
post #8 of 16

Not worth it here financially or for our kids wellbeing. I have worked in way too many daycare/preschools. I have seen way too much. Unless your kid was the favorite I wouldn't do it. I worked in 2 daycares where I took DD with me even. Even that wasn't worth it. Nope, we waited for actual preschool and are good with that.

post #9 of 16

Full time, No way.  It would cost me $$ to work in an office.  Child care, plus I'd never be able to do things I do now to save money because they take time.  Plus the time going out eating because you are exhausted from working...no way.

post #10 of 16
Quote:
Originally Posted by raetonycass View Post

Not worth it here financially or for our kids wellbeing. I have worked in way too many daycare/preschools. I have seen way too much. Unless your kid was the favorite I wouldn't do it. I worked in 2 daycares where I took DD with me even. Even that wasn't worth it. Nope, we waited for actual preschool and are good with that.

I also worked in several daycares and even managed one. I still say they are good for a lot of people. I think this site is way more biased towards staying home then the general public.
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Money Saving Tips: Household
Mommysavers › Forums › Frugal/Simple Living › Spending Less and Saving More › Money Saving Tips: Household › Is the job worth childcare costs?