Why do you calculate child care costs only based on your income? Surely your partner’s child care contribution should be taken into account, too.
I understand that deciding to stay home, work part-time, work from home, work full-time and all that is a very personal choice and I do not mean to criticize your decisions. However, it bothers me when I see articles that try to demonstrate that staying home is the *economical* choice because they typically don’t give a full picture.
What is the long term economic effect of stepping out of the work force? This is the most overlooked part of these economic evaluations. Sure, child care costs might equal a mother’s pre-baby wage (even though I disagree that only the mother’s wage should be scrutinized in such a manner), but what will it do five years down the line when when the mother’s income would have risen if she had stayed in the workforce?
These opportunity costs calculations make the decision to stay home much fuzzier.