Certainly a hot topic for many of my friends. I also noticed that a good number of them waited with starting a family and the main reason was to make enough money to actually afford to start a family. The article below reveals more facts.
A mother with two children at nursery needs to earn at least £40,000 a year when she returns to work if she and her family are not to be left out of pocket, research reveals.
This is the point at which a mother’s salary after paying income tax and national insurance would outweigh the money she must find for childcare, commuting and pension contributions, the research by wealth management company Killik showed.
But she would have just £4 a day left for the other bills, such as a mortgage or rent and weekly food shop.
The calculations do not take into account the partner’s income but illustrate the challenge women face in finding a job that makes financial sense after becoming a mother. Even if she is a higher earner on £60.000 a year, she would be left with just £36 a day.
Sarah lord, managing director of Killik Chartered financial planners said:” I’m now spending more money on nursery than on my own mortgage. Furthermore, in the three years that our daughter has been at nursery, the fees have increased by a whooping 25% but my salary certainly has not risen by the same amount.”
The Sunday Times, 17th April 2016, page 13.
Mothers these days need to be creative and find a way that fits their situation to earn income whilst being mums and looking after the family.
If you are looking for a flexible way to make money part time without putting stress on your family. Contact me and let’s chat & discuss options.