My wife and I had our first baby in June. As the breadwinner, my wife just returned to work after 12 weeks of unpaid maternity leave. Our savings are a bit low and she is now “asking for my blessing” to work part-time.
This is distressing to me for several reasons. We do fairly well, making about $200,000 between the two of us, but my wife makes about 60% of our income. If she went part time (she is proposing 30 hours per week) this would cost us about $30,000 a year.
Losing $30,000 a year will limit our ability to save for our child’s education, save for retirement, and take vacations. We currently have child care 100% covered between two sets of grandparents who are both…