When it comes to raising a family, childcare costs are a huge expense that can start to rival your mortgage payments. With daycare costs as high as $2,000 per month in major cities, many families opt out altogether, and instead choose to have one parent stay home. While this might seem economical at first glance, it has a catastrophic long-term negative impact of the lifetime income of the parent that gives up their career, even for only a few years, in order to care for their child. Childcare is not paid out of one partner’s income, it’s a household expense I hate when I hear a new mom say the reason she decided not to go back to work is that her monthly income would be a piddly few hundred dollars (if that) after childcare expenses. Many women do the math that if their take home pay is $2,500 per […]
The post Daycare is an Investment, Not an Expense appeared first on Money After Graduation.
from Money After Graduation http://ift.tt/2yHzDWF
#money #finance #investments
No comments:
Post a Comment