A few of my friends are in this all too common situation.
The budget is really tight, and they think they better start working outside the home. Or, in some cases, their husband tells them they better start working!
For some, it's necessary. But before you take that plunge, have you really thought it through?
I think many people don't realize how much working actually costs. If you're making $15/hour, perhaps that job is worth it. But when you factor in all the costs, like a second car, work clothes, eating take out because you have less time to cook, let alone child care, that $15/hour can quickly become $4.50/hour. Then is it still worth it?
It may be, but perhaps it no longer is. Don't make any decisions until you really count the cost!
Today's podcast walks you through this basic financial conundrum, to better equip you to make an informed choice for your family. (UPDATE: Sorry, it's no longer available!)
My book, To Love, Honor and Vacuum, dedicates a whole chapter to this question, with handy charts that can help you figure it out. You have a chance to win that tomorrow in our awesome blog relaunch party! Just fill out the entry form for your chance to win!Labels: budget, podcast, working |
It often amuses me that upper middle class families who are rich even though they'd tell you they aren't, always think that families that don't make as much money "can't afford" for the wife to work. You calculate these costs based on your own cushy lifestyles instead of the real world. One lady I saw the other day honestly thought it cost $750 a year for a woman's work clothes and dry cleaning. Interesting to see that SHE could afford fancy clothes that need dry cleaning on her husband's salary. Mine are thrifted clothes that don't need dry cleaning and there is no way I spend $750 a year on clothes for my entire family.
So it really does get old that stay at home moms with enough money think that those of us who struggle somehow "can't afford" to work. We don't have the fancy things you do and so since we know how to live on much less, sometimes we can afford to work.
My husband has been considering wanting me to get a job, and, even with paying for a nanny for the kids, I could still bring home $600 a month just for us. That would be a huge deal. Right now we are sinking instead of swimming.
I really wish those of you that could afford nice things would quit trying to stick your noses into the lives of working moms or those that may need to go to work. It appears that you want us to keep living on nothing while you live fancy yourselves.