Should Mom Go Back to Work?
- Wednesday, July 06, 2011
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Do you have any guidelines to help a mother decide if it is beneficial financially to go back to work once her child/children go to preschool or kindergarten?
As a parent, you probably already know what kind of lifestyle you want for you and your family as your children are growing up.
Couples need to discuss what they want for their family. It’s up to the parents to come to an agreement on what’s truly important and how they can best achieve this for their family.
Some mothers think they won’t be able to pay the bills if they don’t work outside the home. Parents often forget about the extra expenses when they both work and when they have children who need to be looked after.
There are many evenings of take out food due to time constraints or exhaustion. Hundreds of dollars are spent on upgrading the wardrobe for work. Child care costs can add up to thousands of dollars every year.
You’ll want to crunch the numbers to find what you will be realistically earning per month.
Second Income Worksheet
Gross Income __________
Estimated taxes __________
Deductions (Social Security, etc.) __________
Net Spendable Income __________
Second Income Expenses:
Transportation (Gas, parking, etc.) __________
Child care __________
Lunches at work, snacks, drinks __________
Dining out (instead of home cooking) __________
Additional work expenses __________
Recently on Budget
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