The Cost of Child Care
For many parents child care is a must. It can feel like that low paying job is not coving all that it needs to. With child care expenses at a premium, changing work circumstances could benefit both parents and children. Financially there is both a benefit and a down fall, but the overall benefit should be for the children. Scheduling to be home when your family is active can be enjoyable. It can also have an added benefits of getting to know your family and recognizing problems before they start.
An argument against the notion of staying home, to take care of a child, is it will take away from retirement funds and I will lose my “me time”. With both parents working the income can be spent for child care, learning, nutrition, health care and spending leisure time with the child …show more content…
One idea to look into is a live-in-nanny, they have flexible hours, as well as someone that is a constant in my child’s life. Not to mention the possible cultural experiences they can bring with them. According to a South Asian Newspaper, “it is estimated about 380 dollars per week when room and board is deducted (Hersch 4).” To break that down that is about 1,520 dollars a month not including room and board, or any other expenses that come along. For my middle income household that is one person’s monthly earnings. Looking at it I do get what I pay for, where my paycheck is fully going to the cost to take care of my child. As it was mentioned before I can use my earnings to pay for child care, learning, nutrition, health care and spending leisure time with the child (Heinrich 126). If one of those is the same as my wage how will I live? If I cut down my child care cost by changing hours at work or have a significate other watch him/her so I can live have less cost and have the benefit of getting to know my child. That seems worth it to
For many parents child care is a must. It can feel like that low paying job is not coving all that it needs to. With child care expenses at a premium, changing work circumstances could benefit both parents and children. Financially there is both a benefit and a down fall, but the overall benefit should be for the children. Scheduling to be home when your family is active can be enjoyable. It can also have an added benefits of getting to know your family and recognizing problems before they start.
An argument against the notion of staying home, to take care of a child, is it will take away from retirement funds and I will lose my “me time”. With both parents working the income can be spent for child care, learning, nutrition, health care and spending leisure time with the child …show more content…
One idea to look into is a live-in-nanny, they have flexible hours, as well as someone that is a constant in my child’s life. Not to mention the possible cultural experiences they can bring with them. According to a South Asian Newspaper, “it is estimated about 380 dollars per week when room and board is deducted (Hersch 4).” To break that down that is about 1,520 dollars a month not including room and board, or any other expenses that come along. For my middle income household that is one person’s monthly earnings. Looking at it I do get what I pay for, where my paycheck is fully going to the cost to take care of my child. As it was mentioned before I can use my earnings to pay for child care, learning, nutrition, health care and spending leisure time with the child (Heinrich 126). If one of those is the same as my wage how will I live? If I cut down my child care cost by changing hours at work or have a significate other watch him/her so I can live have less cost and have the benefit of getting to know my child. That seems worth it to