How did you determine if your spouse should continue working vs staying at home with kids? My wife is a PT making $50 an hour and our nanny wants $27/hour to watch the 2 kids now…net of taxes, it would just be a a near wash for my wife to continue working. Also considering a switch to day care to lessen child care cost

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When my wife became a SAHM we also took into consideration travel time, gas, insurance, clothes for office, lunches, etc. Made a lot more sense to stay at home and not even use day care. We did the Pre-K classes 2-3 times a week for 1.5-2 hours a day and the cost was pretty low.

Lots of community stuff to do like the library.

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This. The money came out as a wash, but wife decided to quit her teaching job because the gas, tolls, and stress of meal prepping weekly and commuting every day was wasted money and energy that could be spent on our son.

smart

You ask them what they want to do and solve for the financial consequences as a couple. I assumed my wife was going to want to work again but she indicated she preferred to stay home. Financially it wasn’t a huge difference for us either way.

Now that all kids are in school she is going back to study and work part time but it’s much more about personal growth than $ goals. Another woman would have chosen a different path but my role is to support her choice and in this case there weren’t life changing level financial differences to worry about.

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Decision really is up to your spouse, sounds financially it’s a wash so really her preference.

My wife and I had a similar discussion, she chose to work ~1 day a week (most times on a weekend). She’s a NICU nurse, which she wanted to go back to once our son was old enough to go to school and her work allowed the part time.

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BLUF: $50k salary was the break even for us with one child given 5 days/week of daycare in HCOL city. There’s a few other major considerations involved.

Personal goals: My spouse never wanted to be a stay-at-home, and while she feels some guilt when she’s away at work - it’s more fulfilling to be both a mother and a worker.

Career goals: Women who drop out of the workforce to be mothers struggle to regain traction in their careers. It’s a resume gap and the culprits on the hiring side are often other women who didn’t make the same life choices. It sucks, but that’s reality. Knowing that her job gave us marginal net cash but continued her career trajectory is important to us long-term.

Flexibility needed: We chose daycare because our preferred venue was steps from our home and provided opportunities for socialization, but we know plenty other folks who had success with a nanny or au pair. Of course, there may be a need for a car, additional space in your home, and personal boundaries to be set. I would need to re-run this calculation for multiple children since the economics changes quite a bit.

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Alternatively, you can find a new nanny who won’t rob you blind at $27/hour

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I pay $35/hour in LA. It’s standard for 2 young kids

Flexibility was the main driver for us. My schedule sucks so when I can steal some free time I wanted to be able to do it with her and not have to deal with the I need to request it or I don’t get that holiday

Any chance you could be wfh full time?

Same here and thats not our experience but to each their own. My kids play areas are in our separate office rooms and they play with toys in a safe space while we work. When I take calls my spouse takes over and when she has calls I take the kids in my room.

It does come with side effects when sometimes my team members hear me say things like “swiper no swiping” out loud but ya’know, they know we are humans with families and dont mind as much.

I’ve done video calls with my bosses and clients with my toddler slopped fast asleep in my lap, fwiw.

P.S: I’m an ex Big 4 SM currently in an industry leadership role, so safe to say my job is demanding as well.

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