jkjeeper06 t1_j8wb7wd wrote on February 17, 2023 at 12:24 PM

Reply to comment by user72230 in Daycare prices by PrincipleLarge2118

Yeah its not cheap, but its much cheaper than one person giving up their income to stay home

tapakip t1_j8wjkz7 wrote on February 17, 2023 at 1:40 PM

Only if you make 30 an hour or more. Otherwise it's pointless.

jkjeeper06 t1_j8wmqg0 wrote on February 17, 2023 at 2:04 PM

2300/mo = $27,600/yr post tax. Its about $42,000/yr pre-tax. $20.50/hr full time.

At the low end of daycare its $13.75/hr, below our minimum wage

McDonalds is paying $19/hr near me so only a little more than that. If there is career growth potential you may miss out on that by becoming a caregiver

tapakip t1_j8wp5ay wrote on February 17, 2023 at 2:22 PM

I said $30 an hour because I would not work for a wage that equals what I'd be paying for childcare, it would need to be substantially more to be worthwhile. I'd rather be with my child for those years than working 40 hours a week just to pay someone else to watch them.

Career growth potential is the only factor, and I won't judge anyone either way. People should make their own decisions as to what's more important to them. Some will value their overall careers more, and some will value that time with their child.

Victor_Korchnoi t1_j8xlqls wrote on February 17, 2023 at 5:55 PM

What if you have two kids?

jkjeeper06 t1_j8xtul9 wrote on February 17, 2023 at 6:46 PM

Depends on the daycare. Some are discounted. If you have 2, they likely arent both infants unless they are twins so its a bit cheaper for one of them anyway.

But yes, 2, 3, 4, or 5 kids definitely changes the math

verucaNaCI t1_j8xydjx wrote on February 17, 2023 at 7:15 PM

Not necessarily. I was working full time as a lead teacher at the daycare my son attended, and even with my employee discount, I was only bringing home about $100/week. So when I had my daughter, it was considerably cheaper for me to stay home. To be fair, though, that was nearly eight years ago, and I was making less than the current minimum wage. But daycare prices have increased in those eight years as well.