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Old 03-13-2013, 09:06 AM   #11
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Re: Childcare costs, salary, and WOH...

Seems like I'm in a very familiar boat! It's so hard, the decisions we have to make for our families. I hate that I feel like I have to "choose" between my family and my career. Unfortunately, in the field I work in, it would be career suicide to take a few years off until the kids go to school. Not only that, I would not want to allow my license to expire, and the continuing education is very expensive if your employer isn't paying for it!

*sigh* thanks for the support! I know it will all work out in the end, but I can't help but stress a little.

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Old 03-14-2013, 02:18 PM   #12
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Re: Childcare costs, salary, and WOH...

I'm in a similar boat. Once #3 is born, I'll barely be bringing home anything per month after paying childcare. My husband is a self employed contractor so if we didn't get the benefits through my job we'd be paying a lot out of pocket and he doesn't get any kind of retirement or anything. I also like having a job because if he wasn't able to get work, we'd still have an income coming in. I keep toying with the idea of starting a daycare, but I also like the security of my job even though I'm not making much. I also keep telling myself as the kids get older and start going to school my take home pay will increase and increase.
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Old 03-17-2013, 09:05 PM   #13
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Re: Childcare costs, salary, and WOH...

I'm in the same boat. We just had DS #2. I'm a teacher and have had 3 salary reductions and a salary freeze in the last 4 years. BUT we just can't afford for me to quit. Unfortunately, we're adding daycare in the fall...not quite sure how we're going to do that yet...
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Old 03-17-2013, 09:29 PM   #14
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Re: Childcare costs, salary, and WOH...

Under Obamacare areNot all well child visits and physicals suppose to be no co-pay? I would stay home. After you consider the extra expense of driving to work and daycare and the extra money you spend on food because you go out to eat more, you can stash that money away to compensate for you dhs bad health benefits and enjoy spending time with your kids. The only reason I would put my kids in daycare just for the insurance is if someone in my family had a life long illness that needed medical care.
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Old 03-19-2013, 10:09 AM   #15
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Re: Childcare costs, salary, and WOH...

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Under Obamacare areNot all well child visits and physicals suppose to be no co-pay? I would stay home. After you consider the extra expense of driving to work and daycare and the extra money you spend on food because you go out to eat more, you can stash that money away to compensate for you dhs bad health benefits and enjoy spending time with your kids. The only reason I would put my kids in daycare just for the insurance is if someone in my family had a life long illness that needed medical care.
Actually, I do have a pre-existing condition that requires semi-annual checkups for the rest of my life.

Which definitely complicates things. Because my insurance covers my visits and tests at a very reasonable $40. On my husband's plan, each visit would be $350 (specialist!) and who even knows about all the tests...

I feel stuck.
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Old 03-26-2013, 07:11 AM   #16
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Re: Childcare costs, salary, and WOH...

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Under Obamacare areNot all well child visits and physicals suppose to be no co-pay? I would stay home. After you consider the extra expense of driving to work and daycare and the extra money you spend on food because you go out to eat more, you can stash that money away to compensate for you dhs bad health benefits and enjoy spending time with your kids. The only reason I would put my kids in daycare just for the insurance is if someone in my family had a life long illness that needed medical care.
I don't agree. If my H's health insurance wasn't up to par, I'd be back to work full time without a second thought.

One big medical crisis can ruin your financial stability.
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Old 03-26-2013, 07:14 AM   #17
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Re: Childcare costs, salary, and WOH...

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Actually, I do have a pre-existing condition that requires semi-annual checkups for the rest of my life.

Which definitely complicates things. Because my insurance covers my visits and tests at a very reasonable $40. On my husband's plan, each visit would be $350 (specialist!) and who even knows about all the tests...

I feel stuck.
Don't feel stuck. You're contributing to the financial stability of your family. Most people have a "live to work" attitude. It's backwards. You should "work to live". Put in the time doing what needs to be done so you can enjoy life's opportunities. Don't let your job define you. Grow beyond what you do to earn a living.
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Old 03-26-2013, 07:43 AM   #18
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Re: Childcare costs, salary, and WOH...

Could you afford Cobra or carring your companies health insruance after quiting there? Usually you can get a price quote from HR.
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Old 03-26-2013, 09:57 AM   #19
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Re: Childcare costs, salary, and WOH...

I quit my job after having #2 because when DH crunched the numbers, I'd be bringing home an extra $50/month. My health insurance was WAY better and WAY cheaper than his, and I had stock options and a great 401K plan, but in the end we decided that it was better for our family to have me stay home. We were working different hours to minimize daycare time, but it meant that we didn't have much time together as a couple. It also meant I was buying a lot more pre-prepped foods...I've cut our weekly grocery budget in half just by staying home and cooking from scratch more. Also keep in mind that a lot of medical expenses and insurance premiums can come from pre-tax money, so it's not going to cost you as much as you think it will. And if you quit your job, will your household income drop down a tax bracket? I brought home 1/3 of our income, but once I quit, our taxes dropped by 2/3...we suddenly qualified for tax breaks we didn't qualify for before. We did have to make sacrifices...DH sold his sports car and I no longer get regular massages, but I think it works a lot better for our family. I'm not going to bed at 9PM so I can get to work at 6AM, and he comes home early enough now to spend a few hours with the kids before bedtime whereas previously he came home just in time to kiss DD goodnight.
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Old 03-26-2013, 10:58 AM   #20
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Re: Childcare costs, salary, and WOH...

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Originally Posted by lisals View Post
I quit my job after having #2 because when DH crunched the numbers, I'd be bringing home an extra $50/month. My health insurance was WAY better and WAY cheaper than his, and I had stock options and a great 401K plan, but in the end we decided that it was better for our family to have me stay home. We were working different hours to minimize daycare time, but it meant that we didn't have much time together as a couple. It also meant I was buying a lot more pre-prepped foods...I've cut our weekly grocery budget in half just by staying home and cooking from scratch more. Also keep in mind that a lot of medical expenses and insurance premiums can come from pre-tax money, so it's not going to cost you as much as you think it will. And if you quit your job, will your household income drop down a tax bracket? I brought home 1/3 of our income, but once I quit, our taxes dropped by 2/3...we suddenly qualified for tax breaks we didn't qualify for before. We did have to make sacrifices...DH sold his sports car and I no longer get regular massages, but I think it works a lot better for our family. I'm not going to bed at 9PM so I can get to work at 6AM, and he comes home early enough now to spend a few hours with the kids before bedtime whereas previously he came home just in time to kiss DD goodnight.
This is soooo true! I made about 1/3 of what my DH did an yet we paid out the butt for taxes before having our first, when I quit (only claiming one child) we got so much back in our taxes. Seriously, our Goverment PAYS you not to work in ths country But that is a whole other agrument that we should not get into... I would just look at the tax beniefts.
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