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lululu
LIF Adult
Member since 7/05 9508 total posts
Name:
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Re: Not worth it to work?
It would not be enough for me to work. Right now because I have young children. Later it would only be worth it if it was a very fulfilling job. $18k would not motivate me....
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Posted 4/19/12 4:52 PM  |
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JennZ
MY LIFE!!
Member since 8/05 25463 total posts
Name:
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Re: Not worth it to work?
For me, no, not worth it. That would leave me with like 6000 a year after childcare. Not worth it.
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| Posted 4/19/12 5:07 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Not worth it to work?
Posted by JennZ
For me, no, not worth it. That would leave me with like 6000 a year after childcare. Not worth it.
The amount was AFTER childcare. So you would CLEAR $18,000 a year.
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| Posted 4/19/12 5:29 PM |
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KLSbear
LIF Adult
Member since 1/06 1908 total posts
Name:
Karen
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Re: Not worth it to work?
He needs a second job to make ends meet. Are the putting anything aside before the necessities for retirement, college funds, etc? Seems to me that she could be helping contribute to retirement and college funds with that money even if he did keep the second job and they'd be in much better shape down the road.
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| Posted 4/19/12 6:21 PM |
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queensgal
Smile
Member since 4/09 3287 total posts
Name:
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Re: Not worth it to work?
There's also an opportunity cost to consider.
If you stay employed, and succeed at your job, your annual increases/promotional opportunities, etc. should grow over time. I know it's not a perfect assumption, but I'm generalizing.
If you spend a few years at home, many women have a tough time getting back into the workforce (which I don't think is RIGHT, but its a reality). Even if you are able to get back in, another woman who chose to work would have X number of years more experience than you. So comparatively, you would be paid less (again, in theory).
Assuming the job also offers some benefits, its not just the 18k, its also the 401k match,life insurance, etc. whatever they may offer.
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| Posted 4/19/12 7:55 PM |
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Peainapod
Peanuts are here!
Member since 1/09 13591 total posts
Name:
Diana
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Re: Not worth it to work?
that is the situation I am in now working part time and paying for daycare. I was working 20hrs a week and my job just cut me to 16 hrs (supposedly temporarily.) 16 hrs and 3 full days of daycare its not worth it to work.
(i have no benefits, 401K, etc. like mentioned above; not even a raise; and the opportunity for full time work which I was led to believe, isnt there anymore.)
my boss agreed to 2 full days which helps with the daycare expense. I work 5 min from home and dont need a wardrobe like I did in NYC, and I bring lunch, etc. so the out of pocket/daily cost isnt there like when I worked in manhattan. But trust me, there are days when im like "i gave up my good job for this... "
I do agree that the benefit of staying in a related job in my industry, having no employment gaps and keeping something on my resume are the major reasons right now to stay.
Message edited 4/19/2012 8:16:01 PM.
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| Posted 4/19/12 8:14 PM |
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twicethefun
Loving life
Member since 7/06 4088 total posts
Name:
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Re: Not worth it to work?
18000 after taxes is about 12000, minus 10000 daycare....and you got about 2000 left
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| Posted 4/20/12 8:34 PM |
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violet5
LIF Infant
Member since 7/11 54 total posts
Name:
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Re: Not worth it to work?
Posted by twicethefun
18000 after taxes is about 12000, minus 10000 daycare....and you got about 2000 left
yes, but this is after daycare and taxes
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| Posted 4/20/12 8:35 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Not worth it to work?
Posted by twicethefun
18000 after taxes is about 12000, minus 10000 daycare....and you got about 2000 left
The 18,000 is after taxes and daycare so you are taking home the entire 18,000, nothing less.
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| Posted 4/20/12 8:37 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Not worth it to work?
Posted by violet5
Posted by twicethefun
18000 after taxes is about 12000, minus 10000 daycare....and you got about 2000 left
yes, but this is after daycare and taxes
Didn't see your post before I posted the same thing-lol.
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| Posted 4/20/12 8:38 PM |
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DiamondGirl
You are my I love you
Member since 7/09 18802 total posts
Name:
DiamondMama
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Re: Not worth it to work?
If you do the math that would mean a $70k salary.
if you assume half goes to taxes and daycare is $1350 a month...then a person would clear @ 19k...so yeah it is worth is 70k is a pretty good salary in my opinion.
eta: not only taxes but also health benefits. I am terrible at math so my numbers are probably somewhat off 
Message edited 4/20/2012 9:29:40 PM.
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| Posted 4/20/12 9:28 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Not worth it to work?
Posted by DiamondGirl
If you do the math that would mean a $70k salary.
if you assume half goes to taxes and daycare is $1350 a month...then a person would clear @ 19k...so yeah it is worth is 70k is a pretty good salary in my opinion.
eta: not only taxes but also health benefits. I am terrible at math so my numbers are probably somewhat off
Hwang made $48,000 a year but brought home about $30,000 after taxes, health insurance and retirement contributions. Even though the Hwangs live in Virginia, where child care costs are among the lowest in the country, care for one child still would have cost $12,000 a year.
"It wasn't worth $18,000 for us to let somebody else raise our son," she said.
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| Posted 4/20/12 9:44 PM |
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DiamondGirl
You are my I love you
Member since 7/09 18802 total posts
Name:
DiamondMama
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Re: Not worth it to work?
Posted by hazeleyes33
Posted by DiamondGirl
If you do the math that would mean a $70k salary.
if you assume half goes to taxes and daycare is $1350 a month...then a person would clear @ 19k...so yeah it is worth is 70k is a pretty good salary in my opinion.
eta: not only taxes but also health benefits. I am terrible at math so my numbers are probably somewhat off
Hwang made $48,000 a year but brought home about $30,000 after taxes, health insurance and retirement contributions. Even though the Hwangs live in Virginia, where child care costs are among the lowest in the country, care for one child still would have cost $12,000 a year.
"It wasn't worth $18,000 for us to let somebody else raise our son," she said.
48, 70..really missed my calling as a mathematician
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| Posted 4/20/12 10:46 PM |
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Re: Not worth it to work?
I think it's a personal decision for a family to decide.
I feel like many SAHMs get flamed, and so do working moms.
The only win-win is what you and your SO agree on ;).
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| Posted 4/21/12 10:35 AM |
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maybesoon
LIF Adult
Member since 9/09 5981 total posts
Name:
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Re: Not worth it to work?
If dh had to work two jobs, then the 18k is needed. I think her dh must want her home if he is willing to do that. Personally I would not want my dh to work 2 jobs, and we could certainly use 18k a year
Message edited 4/21/2012 10:41:59 AM.
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| Posted 4/21/12 10:41 AM |
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smdl
I love Gary too..on a plate!
Member since 5/06 32461 total posts
Name:
me
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Re: Not worth it to work?
What you are not taking into considerations is that she quit with her FIRST child. She now has 2 kids. So it would actually cost her even more in childcare than the figures presented.
At the end of the day, some families DO think it's not worth it for the mom to work and wants the mom to be a SAHM.
It is THEIR decision to decide what is worth it.
I left a job because I was only clearing $100 per week. And some people did not get why I quit because they would have kept the job. For me, being gone for 10 hours per day with a baby in daycare to clear $500 per month (after all expenses paid) was just not worth it.
"I" could not have my DH work 2 jobs. But I am also not in their shoes and it's just not my place to tell them what to do.
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| Posted 4/21/12 12:47 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Not worth it to work?
Posted by smdl
What you are not taking into considerations is that she quit with her FIRST child. She now has 2 kids. So it would actually cost her even more in childcare than the figures presented.
At the end of the day, some families DO think it's not worth it for the mom to work and wants the mom to be a SAHM.
It is THEIR decision to decide what is worth it.
I left a job because I was only clearing $100 per week. And some people did not get why I quit because they would have kept the job. For me, being gone for 10 hours per day with a baby in daycare to clear $500 per month (after all expenses paid) was just not worth it.
"I" could not have my DH work 2 jobs. But I am also not in their shoes and it's just not my place to tell them what to do.
But did you have medical and retirement, life insurance and/or other benefits with that $100?
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| Posted 4/21/12 1:34 PM |
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smdl
I love Gary too..on a plate!
Member since 5/06 32461 total posts
Name:
me
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Re: Not worth it to work?
Posted by hazeleyes33
Posted by smdl
What you are not taking into considerations is that she quit with her FIRST child. She now has 2 kids. So it would actually cost her even more in childcare than the figures presented.
At the end of the day, some families DO think it's not worth it for the mom to work and wants the mom to be a SAHM.
It is THEIR decision to decide what is worth it.
I left a job because I was only clearing $100 per week. And some people did not get why I quit because they would have kept the job. For me, being gone for 10 hours per day with a baby in daycare to clear $500 per month (after all expenses paid) was just not worth it.
"I" could not have my DH work 2 jobs. But I am also not in their shoes and it's just not my place to tell them what to do.
But did you have medical and retirement, life insurance and/or other benefits with that $100?
It's irrelevant!!! It was NOT worth it to ME.
It might have been worth it for someone else.
I had gone back to school to be with my child. I was gone 10 hours per day. And NO... $100 per week was not worth the sacrifice of missing my kid.
But my financial situation made it that DH and I did not need that $100 per week also.
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| Posted 4/22/12 9:20 PM |
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prunepie
LIF Adult
Member since 7/06 4357 total posts
Name:
jennifer
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Re: Not worth it to work?
isnt some money better than none??
i mean even if i CLEAR one thousand dollars a month..... thats food, utilities...etc...
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| Posted 4/22/12 10:05 PM |
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emilylives
biking
Member since 12/09 2163 total posts
Name:
Emily
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Re: Not worth it to work?
I guess what it comes down to is that she decided that $18,000 wasn't worth it for someone else to raise her child. I'm sure there are people who would say that $100,000 isn't worth it for someone else to raise their children. I don't know how much I would need to make for it to be worth it for me, but I'm not sure why anyone's feelings and decisions are better than anyone else's.
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| Posted 4/22/12 10:17 PM |
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drpepper318
MIR MIR MIR!
Member since 6/07 8274 total posts
Name:
me
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Re: Not worth it to work?
Well, I don't have kids, but I think if I were taking home 18K after paying for daycare, I'd still work. That money would help with other expenses. I don't know if I'd feel differently about wanting to stay home if I actually had kids though.
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| Posted 4/22/12 11:49 PM |
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Re: Not worth it to work?
I still stand by that this is a personal decision, and not one that needs to be justified to certain peeps on LIF or anywhere else ;).
I'm ready for some coffee! 
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| Posted 4/23/12 5:52 AM |
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maybebaby
LIF Adult
Member since 11/05 6870 total posts
Name:
Maureen
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Re: Not worth it to work?
I am one of those who would NOT work even after clearing 18K. I just wouldn't. DH and I made a decision a long time ago that I would be the one with our kids all day, not a daycare. This is our own personal preference. Could an extra 18K help us out? SURE. But at the end of the day, it isn't worth it to us. The time I've had with my kids is priceless in my opinion.
And if money were very very tight (Which it usually is anyway, lol) I would prob watch another child at my home or get some kind of PT job..but it is also not the worst thing in the world for a guy to get a second job. PLENTY of men do it. Whether they are referees, coaches, do real estate on the side etc...I know so so many men who do this so their wives can be at home and they can live comfortably. It's not insane or unheard of. My grandfather worked 3 jobs so my grandmother could be home with 8 kids. Just how it was. It may not be for everyone, but I don't knock anyones decision to do so.
If anyone ever told me I should be working to add income to my family I'd be livid.
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| Posted 4/23/12 9:10 AM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Not worth it to work?
Posted by smdl
Posted by hazeleyes33
Posted by smdl
What you are not taking into considerations is that she quit with her FIRST child. She now has 2 kids. So it would actually cost her even more in childcare than the figures presented.
At the end of the day, some families DO think it's not worth it for the mom to work and wants the mom to be a SAHM.
It is THEIR decision to decide what is worth it.
I left a job because I was only clearing $100 per week. And some people did not get why I quit because they would have kept the job. For me, being gone for 10 hours per day with a baby in daycare to clear $500 per month (after all expenses paid) was just not worth it.
"I" could not have my DH work 2 jobs. But I am also not in their shoes and it's just not my place to tell them what to do.
But did you have medical and retirement, life insurance and/or other benefits with that $100?
It's irrelevant!!! It was NOT worth it to ME.
It might have been worth it for someone else.
I had gone back to school to be with my child. I was gone 10 hours per day. And NO... $100 per week was not worth the sacrifice of missing my kid.
But my financial situation made it that DH and I did not need that $100 per week also.
Someone who needs to save for retirement, needs medical benefits and life insurance might feel that $100 would even be worth it. If you don't need those things, I could see it might not being worth it.
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| Posted 4/23/12 9:11 AM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Not worth it to work?
Posted by maybebaby
I am one of those who would NOT work even after clearing 18K. I just wouldn't. DH and I made a decision a long time ago that I would be the one with our kids all day, not a daycare. This is our own personal preference. Could an extra 18K help us out? SURE. But at the end of the day, it isn't worth it to us. The time I've had with my kids is priceless in my opinion.
And if money were very very tight (Which it usually is anyway, lol) I would prob watch another child at my home or get some kind of PT job..but it is also not the worst thing in the world for a guy to get a second job. PLENTY of men do it. Whether they are referees, coaches, do real estate on the side etc...I know so so many men who do this so their wives can be at home and they can live comfortably. It's not insane or unheard of. My grandfather worked 3 jobs so my grandmother could be home with 8 kids. Just how it was. It may not be for everyone, but I don't knock anyones decision to do so.
If anyone ever told me I should be working to add income to my family I'd be livid.
Would you have to work long hours if you decided to work? I just ask as I never felt I missed out on anything my kids did BUT I also have a 9-5 job and were 5 mins. away from them.
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| Posted 4/23/12 9:12 AM |
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