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Anonymous

27 Dec 2019

SeedlyAMA

How to manage family finances with two children but both parents are working full time?

I have a 6 month old baby now (in ifc) but I am expecting another one(accident). Both husband and I work full time. But I'm feeling a little strain physically (as I do the bathing and carrying of my baby most of the time). Would having a helper strain us financially?

Discussion (10)

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An avg helper costs about 1k/mth. With helper, you likely still want ifc which will be another 1k/mth. The breakeven point is around 3k monthly salary, ie one of you earn less than 3k then maybe quitting job is better than spending on helper.

I have the same issue with you too. but mine was a 1 year old and expecting one in 4 months time

I think you need to understand the costs of having a helper, which from ballpark estimation it's about $12k a year, i.e. around $1k per month.

So if this figure is what your and your husband can afford, then by all means do it to lessen your stress. I think as a working mum, it's extremely tiring - so the available options are far and few, i.e. grandparents take care, get a helper, or infant care. So please consider the options well with your husband and then make the decision together.

All the best.

I think a helper is worth it. My mum was a stay at home housewife but she also hired a helper for some years.

It definitely comes at a cost but I believe that it is worth your overall well being. Unless you have parents/in laws that can help to take care.

Well you will need to find time on your own to manage your expenses. However, I would recommend an a...

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