Can You Afford to Go Back to Work?



Published:

Fifteen years ago, before I was married or even had kids, I worked with a few women who truly struggled with whether to stay at home with their new babies or come back to work. I watched while they weighed the pros and cons and calculated their finances, looking for some magic answer to one of the hardest decisions we end up making.

That was 15 years ago. I can only imagine that the struggle has gotten harder, especially after hearing the news that daycare costs are skyrocketing across the country. In North Carolina, the average cost of full-time daycare for an infant is $8,508. Stand that number up against the median income for North Carolina: $43,734. It doesn't take much to see that it's highly likely young moms might spend a good amount of their hard-earned money just paying to have someone else watch their child.

Of course, there are a lot of other factors to consider when weighing whether to go back to work or stay at home. It's a very personal decision. But on the financial end, there are some ways to make it easier. Check out the Stay at Home Calculator to get a start with figuring out your budget. But just doing the calculator won't give you the answer. Sometimes even if you can afford to stay home, you'll want to go back to work, or if you have to work, you'll want to stay home. It's a really hard decision. Luckily there are a lot of companies who help you get the best of both worlds. Check out our new list of Family Friendly employers across the state of North Carolina who work hard to promote work/life balance. We also have some great ideas for finding balance in work and life.

Edit ModuleShow Tags
Edit ModuleShow Tags
Edit Module Edit ModuleShow Tags
Edit Module

Newsletter Sign-Up

Stay connected to what's going on for kids and families in the Triad by signing up for our FREE e-newsletters!

Subscribe

Edit ModuleShow TagsEdit ModuleShow Tags Edit ModuleShow Tags

Annual Guides

Education Guide

The all-new 2015-2016 Education Guide is packed with everything parents need to know to navigate more than 500 education options and resources in the Triad, including area preschools, private schools, public school systems, charter schools, boarding schools and academic resources.

GPS [Go. Play. See]

It's your complete family guide to Triad living. Parents are busy and on the go. Use this guide to help you explore all this great area offers for families in Winston-Salem, Greensboro, High Point and surrounding communities.

Exceptional Child

For parents of kids with special needs, finding help and support can be challenging. We've compiled valuable resources for Triad parents in our latest annual publication, Exceptional Child, which is also available as a digital guide.