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January 07, 2009


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Trent @ TSD had a great article about this topic yesterday, check it out:

It debunks some of the costs of children, very good article IMO.

The #1 issue to resolve before having kids is the day care vs. stay at home parent situation. I have 2 kids with 1 more on the way, and honestly, the costs other than day care are not really that great. Little extra food, some toys, some entertainment, etc.

The $1000 per month we pay for part-time day care is BY FAR the largest child related expense that we have. The only regret that my wife and I have regarding children is we wish we would have worked harder to find jobs with more flexibility, allowing each of us to stay home with the kids 1 or 2 days per week and limit their time in day care.

Mark B., why don't you look for something flexible? Instead of leaving the search in the past keep on looking. 1 or 2 days? My parents were there 4-5 days a week! Just so that you know, it is at this time that you should really start considering multiple streams of income.

JE Gonzalez -

Trust me, I am trying to find something more flexible. Unfortunately, I live in the Detroit area and there are not many job options right now.

Right now my kids are with my mother-in-law 2 days per week and at day care 3. I am trying to work my current employer for a 4 day week so the kids will be spending 5 days out of 7 with a very close relative or parent.

My wife is a teacher, so she cannot reduce her schedule, but she does get the summer and other vacations to be home with the kids.

I feel that day care has been good for them, but 3 days is a little too much. 2 days would be a better balance for them.

Can I get a government bailout for kids (Besides the tax credit)?

Stay at home vs. day care is definitely a huge factor. Stay at home is the best personal choice for myself, however achieving that is very difficult.

After having my baby, I realized I couldn't leave her for 50+ hours/week with non-family. I tried to go back to my old job part-time, and couldn't. So I quit to be a stay-at-home mom. The problem is, we've cut our expenses quite a bit and still have a small shortfall each month.

I'm trying to do consulting now, and it's not going well. I'm not a good salesperson, and I get too distracted trying to do good work from home. I need to just go get a part-time job, I guess. It would be better for my daughter to have someone else watching her than for her to be around me when I have to make the decision to pay attention to her or to my work.

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