Why are women quitting their jobs to stay home with their children?Because it makes sense dang-gone it!
Have you compared your income to your work related expenses? There are certain expenses that you acquire just because you go to work. When you look at those honestly you will quickly realize that it may be cheaper if you decided to be a stay at home mom.
Sally Sue (not her real name) contacted me last week for coaching on her new business idea, as we talked she gave me her reason for staying home and starting a business.
She was making around $2,200 a month and had 2 children, a 1yr and 3yr, in daycare. Her income moved her family's tax bracket up to 25% which meant she was averaging around $1,650/mo. When you subtract the daycare fees of $300/mo that left her with $1,350.
She told me, "Lady T that's as far as I went in determining the cost of working. I figured if I could just hang on in there for another 3yrs then the children will be out of daycare, I'll get some raises and life would be great. But I realized that because my children were IN daycare I was spending extra money; like disposable diapers. I only buy those because the daycare doesn't accept cloth."
Eating lunch at a restaurant with co-workers is convenient and social. And eating out for dinner is quick and easy. Both are very expensive and most moms calculate spending a total of $60-$100 a month just eating out.
"But Lady T, there were other expenses like buying gifts for co-workers & bosses; supporting the co-workers children's school fundraisers, throwing money into the office pot for office parties. I stop breast-feeding my 1yr old because I was too busy at work to pump milk, so we were buying formula!