Financial experts generally say that if the second income is less than $30,000 per year, it might make more sense for that parent to stay at home with the children. Here is the math to prove it: .
Assume your federal income tax rate is 27 percent, meaning $8,100 of your $30,000 paycheck will go to the federal government. Then, factor in the following expenses: .
Work clothes and dry cleaning: $1,200 ($100 per month) .
Meals out: $1,500 (three times per week at $10 per meal for 50 weeks) .
Daycare: $7,000 (According to the Children's Defense Fund, full-day childcare averages between $4,000 to $10,000 per year, and is generally higher in large metropolitan areas.) .
Home repairs/housekeeping: $3,100 .
Commuting: $2,500 (in parking fees, gas and higher car insurance) .
Cell phone/computer: $1,000 .
2. Opportunity cost of taking care of child yourself.
Cant put a dollar amount for raising your child. Having them grow up responsibly and lovingly is better than any salary.
B. Improper Raising.
1. Nutrition - improper diet.
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2. Infectious diseases and illness - chances of catching a cold or sickness is drastically increased at a child care facility.
3. Learning bad behavior from other children - behavior is learned easily from other peers.
4. Misconduct.
I. Physically - could be beaten by childcare providor.
II. Sexually - could be taken advantage of easily.
5. Negligent teachers - not knowing if the teachers who are teaching are properly educated.
6. Sufficient learning programs - do you know what they are teaching your children.
7. Ignoring abuse verbally and physically - ignoring abuse received from other children.
C. Safety.
1. Security of facility - can strangers easily walk into the facility.
2. Sanitary conditions - is everything cleaned properly.
3. Proper safety precautions addressed - safety gates for younger children, little swallowable objects removed, corners padded.
2. Women should stay at home.