Hi everyone,
Hope everyone is doing great. I have a dilemma regarding going back to work. My daughter is going to be 3 yrs old in a mth & i'm thinking of going back to work. I need the opinion. Pros & cons of sending her to daycare..........plz share ur opinions with me.
I know we have to make a decision but those who has experience will really helpful to us to make any decision.
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Quote:
Originally posted by kjyoti26
Hi everyone,
Hope everyone is doing great. I have a dilemma regarding going back to work. My daughter is going to be 3 yrs old in a mth & i'm thinking of going back to work. I need the opinion. Pros & cons of sending her to daycare..........plz share ur opinions with me.
I know we have to make a decision but those who has experience will really helpful to us to make any decision.
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Dimple2001
my opinion is that if you can afford to stay at home then do.
since you have been staying home for 3 years, i assume you can get by with your current household income level.
what is the point of making more money if you will only end up paying more tax and spending more on child care.
daycare expenses are tax deductible but a lot of other extra expenses are not like having a second car.
dimple is right about the con of child getting sick very often.
i think it may be worse than what he said. it doesn't stop after a few months.
i see kids that have been going to day cre for years still get sick all the time.
one option is to wait until child starts school.
then you can enroll child in the Ontario after school extended day care program and then go back to work.
it is cheaper than private day care
purely from a financial point of view add up all your expenses, multiply by your income's tax rate (after deducting write off for day care) and compare against your expected income, then decide.
example:
gas : $200
extra insurance : $100
extra maintenance : $100
eating out : $200
formal attire : $100
day care : $800
and so on.
say it comes to $2000 extra per month.
say your income is $48,000 after daycare deduction . i.e. $4000 gross.
total tax rate is 31.15% so you are left with approx. $33000
after taking out all expenses of $24000 you will be left with $9000 for the year.
decide whether it is worth for you
best wishes
Go back to work or higher studies. Try to get your parents and inlaws from India so that in case child is not well then it can stay at home.
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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership
Quote:seriously? so you want to use your parents or parents in-laws as free baby sitters?
Originally posted by Loser
Go back to work or higher studies. Try to get your parents and inlaws from India
Quote:
Originally posted by DesiBabu70
Quote:seriously? so you want to use your parents or parents in-laws as free baby sitters?
Originally posted by Loser
Go back to work or higher studies. Try to get your parents and inlaws from India
and for how long? 1 year, 2 years, 3 years?
something about this idea abhors me totally.
if you wanna enhance your educational qualifications or make money by working pay for it on your own and not by using your parents as free day care
Who said free ? You can pay them . Atleast you will have a family member taking care of the child during emergencies.
Quote:
Originally posted by DesiBabu70
Quote:seriously? so you want to use your parents or parents in-laws as free baby sitters?
Originally posted by Loser
Go back to work or higher studies. Try to get your parents and inlaws from India
and for how long? 1 year, 2 years, 3 years?
something about this idea abhors me totally.
if you wanna enhance your educational qualifications or make money by working pay for it on your own and not by using your parents as free day care
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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership
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