What Is That Second Income Really Worth?
From time to time, I consider taking on full time employment outside the home. Maybe it’s been one of those weeks where the kids are out of sorts, I’m stuck in the house too much, or the bills seem to bulge uncomfortably in all the wrong places. I envision dressing up in a business suit (or at least business casual), sitting at a desk in an office, and talking to adults about something other than poop and drool. And sometimes, it sounds nice. Whatever the reason for my considering full time employment, thinking it through has always made me change my mind. Although many families feel that they need two incomes to pay their bills, many books and articles have argued against this perception. This article will provide a checklist for calculating the expenses involved in that second income. Fill in the numbers for yourself, and see how much your second income really is or would be worth. Second Income Expenses, per month: Child care $250-$1200, depending on number and ages of children Clot
