Welcome to a Whole New World!!!!
There are many many costs involved with working outside of the home. Once you really add everything up, a working mom may not be taking home more than $200 per month. So after 1 year, you may only really be clearing $2,400.
If you don't believe me, do the math. But consider EVERYTHING. Haircuts, food costs (convenience foods, fast food, shopping at convenient grocery store rather than finding time to save money on groceries) money for work (coffees, snacks, lunches, participating in gifts for co-workers, being invited for lunch with co-workers), all transportation costs (extra car, insurance, transit costs, parking charges), all clothing costs, buying gifts for kids that you would not normally buy but for the sake of guilt (I remember doing that), and buying things for yourself because you *deserve* it since you work so hard, and finally the cost of daycare (not to mention, worrying if your kids are being neglected or taken care of properly or being bullied while in someone else's care).
Not everyone can make the choice to stay home and quit their job, but many women say they can't but those ladies include moms I see purchasing brand new high end strollers, enjoying meals out, getting hairstyles, and kids dressed in really nice clothing etc.
We sort of live on the other side, quite frugally. We've had to in order to live on one income. My dh bought nice professional salon scissors and cuts my hair, and our kids hair as well. We buy clothing mostly secondhand, but almost like new in most cases. We cook everything at home, and save as much as possible on groceries. The only place I spend money is at grocery store and for Disney. Of course we use fridge and prepare our own lunches/snacks etc. Last trip we had special character breakfast with Winnie the Pooh, but other than that, no real dinners out. That's how we've managed to live on one income and continue paying off our mortgage (almost paid off). I Love Craigslist.org. You can buy many baby items for a fraction of new cost.
But even more important than all the money (I figure I've lost close to $800,000 in earnings - that is before expenses of course) over the 9 years I've been home. But....
If I worked, I would have lost out on at least 2,800 hours per year with my children.
2,800 hours per year are lost for parent/child time when working.
average number hours worked per year (full-time of course) 2,000 hours
transportation (minimum 2 hours let's say and 250 working days) 500 hours
getting ready for work & evening rush to have dinner
(let's say 2 hours and 250 working days) 500 hours
Oh, well pardon my math, but it's actually closer to 3,000 and probably more because I've only accounted for 250 working days.
So for all the SAHM's out there who gave up the income (and lost job opportunities) to be the ones to raise your kids fulltime, you spend an extra 3,000 hours with your kids per year because of your choice.
That is a lot of impact on your kids. I'm not trying to start a debate, but when you sort of feel like what is the point of just being all day with a 2 or 3 year old, just know that you are giving your child close to 3,000 hours of your time that otherwise would be given to getting ready for work, work, transportation to/from work.
And to the OP... enjoy the time with the little guy because my almost 9 year old grew up so fast, it's hard to believe she's finishing 3rd grade. Days pass by slowly, but man, time has gone by fast.
I've given up a lot of money to stay with my kids, and it was the best decision for our family. Not for everyone, but for us definitely. I just figured out those hours per year and it hit me the amount of time I've had with them because I didn't work. So, hope that helps some SAHM out there when you feel frustrated by being home when everyone else around you drives nice cars and has nice clothes and goes out to eat regularly.
Fast forward to September 2008.... I'm joining the work force again as my little guy starts JK full time.