It’s the age old question for moms. At least since working outside the home has been more standard for women. Do you go back to work after having a baby? Do you make more working or staying home? There is no “one size fits all” answer to this question. To find this answer, you must ask yourself two questions.
Yes, working costs you money. It isn’t all about earning money. You will have travel expenses (even if this is just gas, bus fare, etc), clothing expenses, and even food expenses. Even if you pack your own lunch, you must likely aren’t home to make a lot of things so you will buy some convenience foods and items. Then you need to add in child care expenses. Unless you are blessed with a grandparent who will do child care for cheap or you and your spouse have opposite work schedules, child care will most likely take a large chunk of your income.
Do you have health care options?
This is another big thing to consider. If you aren’t going to work, do you have affordable health care options? Will you be able to be added to your spouse’s health insurance without it being too expensive? It might be much cheaper for you to work just to get health insurance.Do you make more working or staying home? To find this answer, you must ask yourself two questions. Click To Tweet
Let me use my own example. This is how we decided that I would be staying home instead of going back to work after our daughter was born. I had to travel 45 minutes to get to work or about 36 miles. This was twice per day as that was just one way. Child care around here, back in 2012, averaged around $200 for an infant. By the time I took my weekly income and subtracted my gas expense and then daycare, I would have been making about $100 per week. After I subtracted things such as having to use the dryer as I couldn’t plan my laundry around the sunshine, buying convenience foods as I wouldn’t have time to bake, etc. I was down to about $50 per week, less if I had to take a day off for an illness, doctor appointments, etc. That was not worth it to me. I could make more than $50 per week by being at home, doing different frugal things like using my clothes line, making most of our own food, using Swagbucks, etc.
For you, you might have a situation where you make more than $50 per week working outside the home. You need to decide what the “worth it” number for you. For me, if I could have made $100 after all expenses, I would have continued working.
If you like your job and want to stay at your job, then worth it or not financially, it might be worth it for you personally. If you are only “eh” about your job or really do want to stay home, breaking down what you actual take home pay would be would be a great idea to know if you can afford to stay home or not. If you can’t find a way to make at home what you would make at work after expenses, it might still be worth it financially for you to work.
However, if you feel called to be home with your kids, if you feel that is where you belong, you need to put some more effort into frugal living ideas to be able to make the same amount at home. Making $300-400 a week at home can seem like a big undertaking. Remember that after gas, child care, etc. that isn’t what you would be actually making. It’s a lot easier to find ways to make $50-100 per week at home than it is $400.Come party with me! Here are all the link parties I do each week.