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