Ok thanks. I thought as much... I have to add in cost of petrol and train tickets too per fortnight too.... aaargh why does childcare have to cost so much !!! Although I'd love not to have to work full time so I can stay home and be with my babies.....Thanks again....x
I get my CCR at the end of each quarter rather than having it paid direct to my childcare. I look at it as a little bonus that I can use to spend on things that I've been missing out on....actually, usually it just goes towards gas/electricity/phone bills.
The best calculator is the one in your head.
A I put down my wage.
B Subtract childcare
C Subtract petrol/car wear & tear or public transport
D Subtract work clothes (my line of work demands smart business attire be worn)
So... A - B - C - D = E
If E is a positive work is a good option. If E is negative or $0 I would reconsider.
If you are out in front after that then, work is obviously a viable option.
If you are entitled to FTB (which we aren't) add it to your partners' income. Compare the bottom line and work out which is best for you.
Although we spend an obscene amount of money each fortnight on childcare we are still much better off than if I stayed home. Working part-time was just paying for childcare so it wasn't an option.
When I was deciding I set-up a spreadsheet to handle the various scenarios (current, pt, ft)
I then went on the Family Assitance calculator and put in the differing income amounts, along with child care days. I then put the figures from there into my spreadsheet.
As already said, each scenario I had differing amounts for petrol and other expenses that would change depending on my work situation.
One thing to look at, it is easier to work full-time when they are solely in childcare, as it has the work friendly hours. School age is more difficult depending on where you live and access to after school care.
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