5 ms·
Does your wife’s work actually offset the cost of childcare? I ask because you say your income is much higher than hers but you cannot afford a three bedroom ap
by dpark 9y ago
Does your wife’s work actually offset the cost of childcare? I ask because you say your income is much higher than hers but you cannot afford a three bedroom apartment. This seems to imply that her income is quite low.
I know a number of families who ran the numbers and found out that the second income didn’t offset the cost of childcare. Or if it did, the excess income was so low as to be negligible. Don’t forget that there are tax implications to having a second income.
- CalRobert 9y agoAlso, to be honest, we could pay for a three bed apt. Afford is another question. Currently socking away cash to try to buy a house, but that affects ability to go somewhere more suitable for a family in the meantime.
- CalRobert 9y agoWe've run the numbers thoroughly. 40% of her take home goes to childcare. 50% to student loans. Tbf getting in to debt for a degree in the humanities is generally a horrible idea but we all have dreams.