But life isn’t fair, we discovered this many years ago. So many families are faced with the decision to have two full time working parents or one full time stay-at-home parent and one who works outside of the home.
Being able to make that decision can be a tedious one, here are four areas to consider in helping you decide if you should stay home after the baby or go back to working outside the home.
1. What Work Actually Costs You
Here’s where being a good budgeter will come in handy. Start by writing down your monthly/yearly expenses – everything from food to credit cards to gas should be entered into a spreadsheet so you can clearly see your family’s spending habits and what it costs you and your partner to live the way you do.
It may actually cost more to have you go back to work once you factor in gas costs, vehicle costs, daycare, and everything else that goes along with having mom out of the house.
2. Tax Brackets
More money coming in means your family moves into a different tax bracket.
This can mean paying more in taxes and getting less back come refund time.
If you or your partner are not good at tax speak, then talk to someone who is. Know what you’ll be getting yourself into tax-wise so that you won’t be left surprised when April rolls around.
3. Get Your Priorities In Check
If you’re one of those moms that really wants to stay home with your kids, then you and your partner will find a way.
Other moms revel in working outside the home, if this is you then you’ll find a way to make work life and family life come together harmoniously.
Whatever path you choose, know that the only way to bring the family together in the most balanced way is if everyone comes out a winner with whatever decision you choose.
Your role, as well as your partner’s, will shift and change to take on additional responsibility.
For example, if you’re staying home then your partner may need to pick up extra hours here and there to compensate for lack of money. This will most likely mean that you won’t see each other as much as you’d like, your kids will need more of your time and supervision, and you’ll have to skimp on certain luxurious so that you can make ends meet.
Sit down and talk/sort out your family’s priorities and needs and work as a unified unit to make things run as smoothly as possible so that everyone participates equally to the changing of tides.
4. Talk To Your Employer
Should you decide to return to work, start off on the right foot and sit down with your boss and explain yourself.
Maybe you’re looking to come back only part time instead of full time, perhaps you’d like to leave early a day or two to help shave off some daycare costs.
Things will work more smoothly and to your advantage if you are open, sincere, and adaptable with your employer from the beginning rather than trying to negotiate for something once a problem arises at home.
About the author: Danielle is a professional blogger, freelance writer, social media manager, and web content editor specializing in parenting, family, pregnancy, social media, start-ups and entrepreneurial topics. To learn more about Danielle, please visit her website at www.PenPointEditorial.com.