Child_Care

Child Care 1. Child Care Facilities A. Costs 1. Costs equal to income Financial experts generally say that if the second income is less than $30,000 per year, it might make more sense for that parent to stay at home with the children. Here is the math to prove it: Assume your federal income tax rate is 27 percent, meaning $8,100 of your $30,000 paycheck will go to the federal government. Then, factor in the following expenses: Work clothes and dry cleaning: $1,200 ($100 per month) Meals out: $1,500 (three times per week at $10 per meal for 50 weeks) Daycare: $7,000 (According to the Children's Defense Fund, full-day childcare averages between $4,000 to $10,000 per year, and is generally higher in large metropolitan areas.) Home repairs/housekeeping: $3,100 Commuting: $2,500 (in parking fees, gas and higher car insurance) Cell phone/computer: $1,000 2. Opportunity cost of taking care of child yourself Cant put a dollar amount for raising your child. Having them grow up responsibly and lovingly is better than any salary B. Improper Raising 1. Nutrition – improper diet 2. Infectious diseases and illness – chances of catching a cold or children, child, work, home, proper, per, care, raising, income, daycare, safety, out, job, facility, easily, baby, year, watching, vs, teaching, teachers, tasks, stay, properly, physically, parking, parents, mother, money, make