Article | Fabulous Women

To work or not to work?

Posted on 19/07/2012

Crossroads for Mums!

I have been working with clients who, as working mums, are finding it really hard to evaluate the benefits of going out to work in order to try and balance the books.

As a hypothetical example, lets say youre paying 550 a month to a childminder and earning 1000. The relative rewards from working as a mum as opposed to staying at home need to be worked through. So, what is the value in going to work? Is 450 gross per month worth the effort?

Perhaps ask yourself if youre going to work to earn money only to make a contribution to funds, or actually does this serve a purpose to mix with adults as a kind of therapy? The other considerations for working are:

  • How mums-friendly is your boss?
  • Will he/she give you time off at short notice for the childs sickness or for doctors appointments?
  • What about school and bank holidays and Inset days?
  • Can you sustain the work commitment? Are you customer facing? Are others - team members or customers - depending on you to respond within a fixed time period?
  • The household basics still have to be done (between you) when you get home.
  • How and where is the break point or break-even point?
  • Is going to work the right thing for you, your family, your finances and your sanity?

One client told me last week, I need to go to work for the intellectual stimulus. Conversations with other mums waiting in the playground really do not do it for me. Hmmmmm!

Setting up your own business, for example, can give you greater flexibility and youll be your own boss. You will need to network and your partner will need to help with timetables. So what can you do? What are you trained in? Or, what could you be trained in? How do you go about setting up a business? What are the advantages and the perils? Could you buy into a franchise?

Please check out my series of blogs where we look at these options. Or call me -01276 691215or 07768 197507.end_of_the_skype_highlighting

If you're a Mum, your perspective would be appreciated.

Jane Hardy

One Stop Financial Security

Back Author : Jane Hardy

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