Baby's what's the $ cost

Someone like me would be eligible for a 50% rebate.
So a 10hr sit at childcare may cost approx:
10 x 15hr = 150 per day
150 x 5 days = 750 per week
750 per week - 50% rebate = $375 a week.
Does this seem reasonable?

 

I'm sure if possible a lot would choose your path and it would be awesome.
For some, purely not possible.
For some being able to a work during the early years is a sacrifice that many will take knowing that the child will benefit from the sacrifice's made once they get a tad older.
I can't speak through experience though and nothing beats experience so thanks for adding how you have done it.

 

Sounds about right

 

It’s also great to spend some time doing something intellectual and get a bit of a break from parenting. Can be hard for some people to get back into the workforce if they have had a long break.

 

So did you quit your job and spend all day at home raising your kids?

 

I would personally go insane if was a full time stay at home mum for my girls, its just not me.

Also I think the rebate caps out after a certain number of hours.

 

Yes the rebate cap is a downer. Seems it caps out @ $10,560

 

So to add the child care rebate cap @ $10,560
$10,560 / $375 per week = 28 weeks uncapped
That leaves 24 weeks at full price x 750 per week = $18,000
$18,000 + $10,560 = $28,560 per year
Does this still sound right?

It certainly is expensive but still would be better of both parents working in a financial sense?

 

No, only one of us could.... obviously

 

Yeah well it’s a bit rich for someone who wasn’t full time a stay at home parent to poo-hoo using daycare. I get that for your wife she would probably prefer to raise her own kids to someone else’s but lots of couples have both parents who have a career they don’t want to give up.

 

Relax.... hit a nerve?

I wasn't "poo-hoo" ing using day care at all..

Maybe re read what i said whilst hopping down from that horse.

 

Why have kids then?

Being well off financially isn't a better gift than having a parents love & presence..

 

Well, don't have kids. Parenting is a 24/7 job, no days off, no LSL, no long boozy lunches , no holidays, no sick leave, no thanks.....

It's called retirement - earn enough so your spouse can retire & your entire lifestyle is better.

 

Why no LSL - you could spend it taking the kids on a holiday same as regular holidays.
Why no sick leave?
I get no long boozy lunches but who the hell has them anyway

 

Here is was on here thinking I was talking to like-minded intelligent individuals. But instead it’s people who seem to think people who don’t chose to be full time stay at home parents don’t have a reason to be parents at all. Wow. It’s 2021 not 1951.

Adios. I’m outta here.

 

"Not wanting to" and not being able to are two very different things...

 

... and even then ... the first two can be bought second hand for a pittance. New car seat is important (in my books)

I don't know that having kids is that expensive - it's all up to personal choices. Is it worthwhile for both of you to work, or pay for child care (either parent, or grandparents if optional) - although preschool, at least one day a week, is pretty important for social and learning interaction before hitting school. Public school or private. Clothes are as cute from Target as Chanel (and teach then not to crave the label). Expenses do go up as they get interested in music and/or sport etc ... but as far as basics are concerned (food, electricity etc), even with a teen we found our bills only went up by around $30/week beyond what we had to pay anyhow.

As for the experience - priceless

 

Also, you still pay for day's when tbey are closed, public holidays and such !

So, I've never had kids, but have been a step parent to about 10 (via a few relationships).
This year the youngest step child (4th) started highschool, $3k of costs prior to the first day of "public school" (uniform, books, Ipad, school fee's)

Baby's are cheap, the older a child gets the more expensive they get, ask any of the brokers how having dependants diminishes your serviceability

Are any of the comments made here a reason not to have a child, hell no

I'm now a step grandparent, she has often called me dad, being there at all hours day in and day out (mum is absent, dad is part time) having input and inprinting values and teaching a sponge in developing over the first 0-3+ years has been one of the most rewarding (& frustrating) things I have ever done
Would I change this, NOT EVER

When asked we tell people "don't have kids, if you feel you must then only have 1, and even then have only 1 with someone you don't like, that way you get every second weekend off (parenting)

Also, some relationships fail early after a child arrives, and many fail after a child leaves
Couples can think having a child will bring them together, but you do have to be strong, be prepared to put yourself 3-4-5-6th on the priority list and forget about you and your partner as you will have someone else more important inbetween you
Often the mother has a career and life put on hold, spending many years putting everyone else first, then when the children leave home there is a void and you realize your relationship no longer has anything in common

We try to take "us time" at least once a month to go for lunch together, I have encouraged my partner to study online and more recently at TAFE (and I have most every Friday off to facilitate this and play Mr Mom ) so there will be something before, but more importantly AFTER CHILDREN (no sudden void)

The financial cost, it starts out small and builds over time so you really don't tend to notice it, you just factor it in.
The rewards may never come close to outweighing the frustrations you will endure
Is it worth it, YES

 

Well - not until they get their red P's

I was a stay at home mum - but for both our sanity, I enrolled junior in preschool at age two. One day a week for the first year, working up to three days a week the year before starting school, so she was well socialised (being a child with much older half siblings, no other kids in the street and no family close by)

On the positive - preschool toilet trained her - taught her to tie her shoe laces - and she also learnt to write her name, basic math and spelling ... worth every penny

 

I believe it can work with both parents working but also get peoples frustrations in thinking why have a child then. I won't answer this question as for me it is a ridiculously obvious answer.

Might add I would rather grow up with great parents that sent me off to childcare then a non working or semi working couple who treat there children like crap and I know there are plenty out there like this, not all obviously but there are a lot.