As an article on Yahoo! Shine notes, “According to a new study by the Pew Research Center, 65% of working, married mothers have either reduced their work hours, taken significant time off, turned down a promotion, or quit their job in order to care for a child or other family member. Only 45% of the men surveyed said the same.”
As an at-home dad of two, over the years I’ve found that I’m happier working while also handling the childcare duties. There are several reasons – both intrinsic and monetary – why this is the case.
As a work-at-home dad, my income is substantially reduced from what it was when I was working a full-time job outside the home. And while my work makes up for some of this lost income, it’s the savings in childcare costs that makes up a substantial amount in this regards.
In our area of Chicago, full-time childcare costs average around $12,000 to $13,000 a year. Saving this amount on two children, while also working (even with a lesser income), helps keep me feeling productive and useful around the house and closes the gap between earnings and lost income.
Fill downtimes and increase fulfillment
Don’t get me wrong, raising two healthy, beautiful, intelligent children is certainly fulfilling, but having come from a business management background, I’m looking for some sort of career fulfillment as well.
Being able to work from home – even if it’s just part time on certain days – allows me to keep my career skills honed for the future. I stay apprised of changes in technology, maintain my professional networking skills, and still have that sense of accomplishment that comes with doing a job and being productive.
Providing additional income
Not only does at-home work provide me with that internal feeling of fulfillment, but it provides some monetary compensation as well. Even if it’s much less money than I used to make in the regular workforce, it at least allows me to cover my side of the bills, plus save a little extra.
And while, I might not be saving tons of money to put toward retirement, as I mentioned, the childcare savings and the ability to cut costs on things like food and home costs through things like doing meal planning and creating shopping lists, cooking more of our own meals, and conducting home maintenance and cleaning myself, pays off in additional cost reduction.
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The author is not a licensed financial, career or parenting professional. This article is for informational purposes only and does not constitute advice of any kind. Any action taken by the reader due to the information provided in this article is solely at the reader’s discretion.