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
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: firstname.lastname@example.org - 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: email@example.com - 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
Answered By: cassandra - 5/19/2007
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Click. Search. Apply. Free!
Jobs hiring near your local area. Part-time, Full-time, Work at home.
Sobre 287 Trabajos en tu area. $15-87/hora - Aplica Ahora.
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.