My DH and I keep going back and forth about what to do. I work an hour away (1 hour each way) and am in my first year in the job. I do not love it. I want to be a SAHM, but we cannot afford that and keep our current lifestyle. On the other hand if I do go back, my salary is a wash because of DC costs. The only difference is part the money going into my retirement account directly from my paycheck.
If I do decide to quit my job, I'd need to find something else to do part time (either tutor, find an hourly job a night or 2 a week, etc so we can still save something each month.) I'm also afraid if I leave my job, it will tarnish my resume. My gut keeps telling me to stay at home though...
What are you planning to do? Are you as on the fence as I am? I wish there was a clear cut "right" way to go.
Re: Are you going back to work after the baby is born?
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Do you have plans for a future career in the field of your current job? If so, leaving will have repercussions for your future advancement, as well as for your current budget. But you say that you don't love it and that it's a long commute, so maybe this is a golden opportunity to reevaluate your long-term plans.
I will be staying home for the first year, then applying for jobs in my field. I'm lucky that we can live on DH's job alone, though.
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I'm definitely going back to work after my maternity leave.
Yes the cost of daycare for those first couple of years pretty much is just paid by my salary not leaving too much extra...but in the long run it makes the most sense. If you take a few years off work to raise the baby until it's in school or whatever, returning to work after several years off will be much harder. The gap in your resume is very hard to fill, and lack of experience.
It really depends on what type of work you do as well.. if you're in a 'career' then taking the time off for a few years could be a really bad idea. If you just work at a 'job' and can pick up any job like that again, then it's not so much of an issue right. Not at all am I saying a "job" is less important than a "career" type of work.. I'm just saying it would be easier to find a whatever job with a gap in work history, then a specific career job that you will have lost important years at.
The thought of being a SAHM makes my skin crawl. I love my child more than anything, but our relationship would be awful if we didn't have time apart. It's my personality and it appears his is similar.
I'm also not willing to give up our extras, but we are fortunate that my MIL watches Lucas and she doesn't charge much.
Sounds like you are on the right track! Figuring out your finances is a good first step. If you can not live on one salary alone, then finding ways to make extra money (such as a part time job) is a great idea.
Just make a list of pros and cons. Figure out if it is realistic and decide what is best for your family. Good luck!
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I have always returned to work b/c I wanted to so I cannot totally relate but based on what you are saying it sounds like you should be looking now for some alternative options for after baby comes. Retirement is hugely important but I'm not sure that alone would be worth being away from your kid for 9-10 hours a day (work plus commute) if you truely want to SAH. You will just be miserable.
Going back was very clear cut for me even though with each baby it is always terribly hard those first few weeks dropping them off at daycare... and pumping at work makes me question the logic almost every time I have to do it... But I get annoyed with my own kids after a 3 day weekend. Just being honest. I need some uniterrupted time where I'm not being asked "Mommy, mommy, mommy... I need a, she won't stop looking at me, I need a new diaper, I want a show on, read to me, etc. etc etc. Love my kids but I have always known I was not meant to be a SAHM.
We'll be doing DC for at least a year or so, but we hope eventually for my H to stay home. He makes significantly less than I do, and I carry all our benefits. His hours also suck. In a few years with my raises and some changes and sacrifices, we should be able to have him home and still have money going into savings and not give EVERYTHING up. Unless some major changes happen with his job. We want our future children to have better lives than we did, like most everyone does.
If you have the opportunity to - stay home. You'll never get this time back with your LO.
I was a teacher for four years and actually quit just over a year ago. I was working in a really rough school and honestly, I hated it. At the time my income was all "extra" so we were blessed that we didn't take a huge hit with necessities but our lifestyle definitely changed quite a bit. No more vacations without a LOT of planning and saving (ha, who am i kidding, what vacations?
), hardly ever eat out, cancelled and downgraded a few things like cable, cell phones, etc. But in the end we've really made it work.
I always knew I wanted to be a SAHM. But since we weren't having any luck in that department I did find a part time job five minutes from home that I love. No stress, nothing to bring home. So that brings in a little bit of "extra" income, but we've basically used all of it to pay off medical bills and pay extra on things like our car note so that we can actually have it paid off 8 months early and just before baby gets here.
Not having any debt is the only way we can see making it work so that I can SAH. The plan now is to not work for the first year and then return to work part time after that if needed. I'm of course hoping I won't "need" to but taking it one year at a time works for us. But then again...I don't have any big career aspirations, the only thing I ever wanted to do was be a SAHM, so I'm not the least bit concerned with a resume. I'm sure my plan would be different if I had to think of those things too.
Good luck in whatever you decide! I know its a scary decision to make, but I'm sure you'll make the right one!
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I don't have an option - back to work for me!
I'm on the fence too. I have a 2 hour commute one way, and it's hard enough without a baby in the mix. DH works from home, so while he thinks he can be the daycare, I don't think it's realistic if he needs to get work done (which often requires him to have a client present - he's a music producer). We haven't explores actual outside daycare options yet, but if it was a wash, for me that would sway the deal to SAH. Also, my salary is consistent and is paying the major bills, and there's the whole health insurance thing.... but DH does make money (it's just not consistently reliable given it's nature), so we could do it with good financial planning - but it makes me nervous.
We're financially preparing ourselves for me to SAH at least 6 months at this point based on savings alone, but really I think we're hoping my employer will be open to a part-time arrangement where I work part-time, and/or a few days from home. I guess in the end I'll let him decide what he wants to do with me, and just let it be. I like my job, and it's a "career", but I don't have a major passion for it.
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I'll be returning to work. I actually don't like my current job all that much and it's not in my field of study so I don't intend to stay in this position for very long after I have the baby, but I will work. Ideally, part time but I'm not sure if my company would offer that.
Financially, we could swing me not working but DH wants to have little to no debt before that happens. We both have great jobs and we've been taking an axe to our debt so that by the time the baby arrives, we'll only have the mortgage and DH's student loans. The student loans will be paid off in a year so at that time, we will reassess.
We make about the same salary but he loves his job and has great potential to move up in his company. That's not the case for me and there's really no where for me to go in my company so if one of us did ever leave their jobs, it would be me.
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This!!! Every situation is different. And it is extremely misogynistic. No one EVER says a father staying at home is the best possible scenario, even when it is. What is this, 1950?
In the end, you really have to find what is the best for YOUR family financially, mentally, and emotionally.
FWIW, I worked from home for 15 months after DD was born and it was very difficult. I had childcare 1.5 days a week, and lots of help from my parents and inlaws, and in the end, decided to go back to work part-time. Once the baby was about 6 months old, I really couldn't do any work during her waking hours, so I found myself only able to work during naps and at night. I felt like a stay-at-home-mom who also had a full-time out of the house job. It was great to be home with her but nearly impossible to have my sanity. Do yourself a favor - hire help for your husband!
I'm going to stay at home, and we consider it a real luxury. I'm a lawyer, and I've put quite a bit of planning into protecting my resume--I took an adjunct faculty position a few years ago, and I consult for a couple of companies. That way, when I leave full-time practice, I'll continue those little gigs so that there will still be some activity on my resume. Almost all of my friends have continued to work--most of them use nannies. It's just not for my husband and me.
I'm sure that I could consider not working full time for a few years to be a hit to my career--but we waited to have kids so that we could do it this way. I feel like I only get this opportunity for a few short years, and, barring extreme need, no amount of money is worth passing it by.
Amen!!
I was really lucky that I was able to drop down to part time hours and keep my same hourly rate of pay as a ft manager.
So now I work about 15 hours a week. The money goes into DS' 529 or our Roth IRAs, and pays for some extra fun stuff. I love the arrangement we have. With DS I didn't return to work for 12 weeks, this time I will probably go back sooner. I like the SAH life but I enjoy going out to lunch with coworkers, having a day away from DS, and not talking about babies for a while.
I am a part of a few SAHM groups in my town, which are a godsend. It was a great way to meet people in the area with babies/small children. Plus it's necessary for SAHM survival. When the babies are really small...those early days can be quite isolating with a slug that doesn't do much other than eat, sleep and poop.
this. I don't think it always is. I love my kids to death and enjoy my time with them, but I also know emotionally, I need that break and it is not easy for us to come by since we don't have family in the area. I haven't missed a first, other then my son going pee pee on a potty and I'm lucky to have a flexible job that if I need to wfh I can do it.
I've been working two days a week since after DD1 was born (a nice perk of working in the family business), but I don't plan on going back to work after this baby. My mom and MIL have always watched the girls for us, and three kids will just be too much, especially when the older two will be going to different schools next year. Plus, we don't need my paycheck; I've mostly kept working out of obligation to my dad. I also appreciated the regular adult interaction, but now that the girls are in school and I've made more mom friends, I've been able to find that outside of work.
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I'm going to be a working mom. we can't afford it, and I have a job that lets us not need to hire a babysitter.
Don't worry about tarnishing your resume. Employers worry if its multiple short term jobs... not just one.
I became a SAHM after DS was born and it was the best decision I ever made!
I agree that it's a very personal decision and definitely not a "one size fits all" answer.