Childcare is expensive. Every year the cost of putting your child into childcare seems to get bigger and bigger. It has gotten so bad that many families simply cannot afford to send their children to childcare, and so they end up having to forgo re-entering the workforce so that they can care for their kids.
Now in my opinion I think that it’s great that more and more people are getting to spend time raising their children. The problem is that it isn’t a choice, it is forced on them through the sky high costs associated with full time care.
I know that my wife and I had to think long and hard about what we were going to do. We had the prospect of her returning to work, however, after all the costs were added up, we would have only been about $100 better off a week. $100 a week just isn’t enough for us to send our little boy to childcare, when he would have far better care with a full time parent at home.
We considered utilizing the grandparents for our childcare needs as many other new parents do, however, in the end we decided that we didn’t want to burden our parents to have to forgo their retirement plans so that they could look after our child while we went to work.
The plan at the moment is that my wife will stay home full time until our son is school aged, then my wife will start hunting for a job. We felt that our son would benefit from this more than putting him in childcare, and in the grand scheme of things, $100 a week ($5,200 a year) just wasn’t worth all the benefits he our son would gain by having a dedicated parent looking after him.
I would love to hear about what you have done when it comes to childcare.
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