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Current income justifying day care is a short term and fallacious comparison. You need to look at long term potential. Leaving the labor force does more than ju
by nostrebored 7y ago
Current income justifying day care is a short term and fallacious comparison. You need to look at long term potential. Leaving the labor force does more than just set you back the years you were gone.
- war1025 7y agoAlso really depends what you are chasing, both as an individual and a family unit. It's an optimization problem where there are more variables than income. Edit: Personally, I think the whole financial independence movement is pretty interesting, and sometimes I get myself through the day by viewing it as my wife being financially independent. Which is halfway there as far as things go.
- brightball 7y agoYou do of course...but you also have to determine long term cost potential of all of the other expenses and savings besides day care. It compounds in both directions and gets amplified by the continued lack of time due to balancing home and work commitments. Usually it takes a couple of years of exhaustion before people come face to face with the realization that things would be much easier of one person was a stay at home. The formula is trickiest in the middle. At the higher end, a lot of couples will hire a nanny that can provide many of the same benefits as a stay at home. At the lower end, the decision is fairly easy. It's in the middle where it's toughest to come to grips with it.