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Are daycare prices worth it or does it make sense to quit working?

I plan to be a SAHM and seeing daycare costs makes me think it's not worth working. The daycare I would send my child to costs $680/month for one child and this is middle range price where I live. We plan to have another baby soon, so my daycare bill would be $1200-1400/month for two children. I make $30,000/year, if I had two children I would pay $14,500 to $17,000 a year in daycare! How can people afford daycare for more than one child? How do you afford it or did you stay at home because it was cheaper?

Asked By: PrettyWifey - 5/16/2007
Best Answer - Chosen by Asker
I don't have two children yet but I can already see that it's unjustifiable for you. It's so hard for me to be neutral on this subject because I have a child of my own now. He's almost 8mo old and I didn't plan on staying home but I did. I just feel like this wasn't a "choice" for me. We just analized our income and... More
Answered By: KDB - 5/16/2007
Additional Answers (25)
now your figuring it out, you could start a day care
Answered By: hot_tamale - 5/16/2007
 
It's nice to be able to stay home with the kids. But it's better to have a job and have some adult conversations. I find working less stressful.
Answered By: soccer mom - 5/16/2007
 
I am a SAHM now again and I send my son to daycare for interactions 3 days a week. Which are the 2 days i am in college and 1 day to study... More
Answered By: ღ♥By the way♥ღ - 5/16/2007
 
I stay home because it's whats best for my kids. At the same time, I could never justify the expense of putting them in daycare. I could never make enough to afford it. I also get plenty of adult conversation during the day, you really just need friends for that, not a job.
Answered By: e_imommy - 5/16/2007
 
Daycare is so expensive! If you can manage being a stay at home Mom then that is what you should do. I hated working full time and giving all my money to the daycare, so I opened my own business and set my own hours and I only work two hours a day when my daughter is asleep so that I can pay bills and still stay home... More
Answered By: Cat - 5/16/2007
 
It's not worth it. It takes away most of your income to send kids to day care. Being a SAHM is a lot easier. I plan on being a stay at home mom when I have kids. Right now I'm an author/housewife.
Answered By: ayisha b - 5/16/2007
 
Most daycares offer a sibling discount. It's not much, but anything helps. It is usually 10% off the lower priced child.
Answered By: icollectcokestuff - 5/16/2007
 
1) It helps when you have a family member/friend who can babysit for you.... I pay my mother $50 a week to babysit my 1 year old son. 2) In order to afford daycare, my sister got a job @ the daycare in order to receive a discount. I think it was like 25% off. Also, most daycares offer a sibling discount.
Answered By: marsh - 5/16/2007
 
Personally I do not think it is worth sending your kids to daycare. You spend half of your income to have someone else raise your kids for 8-10 hours a day. Unless you are lucky enough to have a family member who you fully trust with you children help out then I would say just stay at home. Besides you never know what... More
Answered By: TR - 5/16/2007
 
I do send my son to daycare and am pregnant with #2 and will continue to work after that one. If we were to have a 3rd (not planning on it) that would be the point where it would not be worth it to me to continue working as I would be paying out over half of my take home for daycare. You also have to factor in... More
Answered By: zeus112999 - 5/16/2007
 
I stayed home with my first, since it turned out to be twins. You add up all the other expenses of working -- clothing, eating out (both lunch at work and dinner because your'e too tired to cook), travel expenses, added doctor bills because of exposure and vulnerability at day care and work -- and it's even less cost... More
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Answered By: Patsy A - 5/16/2007
 
daycare is worth it. either that or get a babysitter.
Answered By: Tsunade-Sama - 5/16/2007
 
A lot of women I know prefer to be a SAHM and then babysit on the side. That way your are still making money and you're not paying someone else to watch your kids. I will say $680/month for one child is kind of high. At least for where I'm from. I'm getting ready to send my toddler to preschool and the mid range is $... More
Answered By: kuelker5@sbcglobal.net - 5/16/2007
 
both, i did daycare and stayed, i guess you have to ask yourself will all of your money go to daycare? or will you still be ahead
Answered By: arizonaprincess2 - 5/16/2007
 
It depends how much your other half makes. The numbers you've provided work out that you'll be bringing in approximately $1000 a month if you have your kids in daycare. That's $1000 you wouldn't otherwise have, and if you need that money it could be worth it to have your kids in daycare. That depends on your financial... More
Answered By: Chelsey - 5/16/2007
 
I am a SAHM 1. Because I wanted to be home for at least the first year. 2. Because it is not worth working. I don't make enough to afford daycare, gas and other daily expenses that go along with working. I enjoy staying at home with my son.
Answered By: Boredoutofmymind - 5/16/2007
 
Honestly where I live if I worked all it would be doing is paying the daycare/babysitter. So the way I see it is I can stay at home make as much money as I would if I worked and paid for babysitter or daycare, but actually get to RAISE my own kid.. I love being a stay at home mom, I get to hear the first words, teach... More
Answered By: AAC - 5/16/2007
 
I am in the same situation as you, except i am working right now and WANTING to get pregnant with number 2. My husband and I can't afford 2 kinds in childcare and we're barely making it with the one in daycare. So what are we going to do? I'm going to quit my job and take in 2 - 3 full time kids and make money at home... More
Answered By: VCJ - 5/16/2007
 
It's not just daycare. If you drive to work, it means you need another car - and gas, insurance, oil changes, etc. That's around $500/month. If you're at home with the kids, you can probably do without a car (and drive your hubby into work on the days when you need the car... More
Answered By: Shrieking Panda - 5/16/2007
 
If I didn't drop out of college to become a sahm, I'd be able to afford daycare for plenty of kids, as the average starting salary with my major is $55k/year, and I was doing way better than average, so I'd possibly start out with even more than that, and with experience salaries go up a fair amount from that... More
Answered By: Meng - 5/16/2007
 
The cost of daycare varies from area to area, and also depends on what type of daycare: private home or public daycare center. I used to live in a larger city when my son was a baby, and I remember average price there was about $90.00 a week. Now the average there is about $130.00 a week... More
Answered By: LittleMermaid - 5/16/2007
 
The price you pay for putting your children in daycare is 10x the amount of money it costs you. You as a mom only pay the money, but you making your children pay the rest... More
Answered By: outdoor man - 5/17/2007
 
I guess it depends on you ides of parenting. I stay home with my children because I feel very strongly that if you choose to have then, you should choose to raise them. If my kids spend 8 hours a day learning someone Else's ethics and beliefs, by the time I would pick them up, make dinner and a bath it's time for bed... More
Answered By: tjosgrl@verizon.net - 5/17/2007
 
you have to sit and think about it --- do you have the type of job that you can go back to -- is it a job you love? maybe you can afford to quit until the children go off to school sit down and figure how much you spend on work clothes- gas to drive there- lunches - figure taxes - you won't be paying in as much... More
Answered By: Kate - 5/19/2007
 
The day care costs are never worth it, because children under 3 years of age are severely damaged by more than 10 hours a week separation from mommy. The damage is intellectual, social, physical, and cognitive. NICHD researchers admit they've worked hard to hide the damage, and they just can't... More
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Answered By: cassandra - 5/19/2007
 
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