The Effects of Childcare Costs on Parents

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The Effects of Childcare Costs on Parents

One of our most recent blog posts focused on the costs associated with working in an office. We explored a number of expenses that can effect people working full time – one of which was childcare.

The rising cost of childcare has been a hot topic in recent media and the federal election. Just last week, ABC News produced a report based on how much money working mums lose through childcare costs.

The report was based on a study conducted by the Australian National University which found that mothers in full-time jobs may be working for as little as $5 an hour after tax and childcare costs.

Women who worked a lower income were the hardest hit. Even with a full-time salary, a number of women are earning approximately minus (-) $12/hour by Friday.

The graph listed below shows how your income decreases over the duration of a week when working full time. The figures are after the deduction of tax and childcare fees.

Some women who need to be working full time have opted to work from home 1-2 days a week so they may alleviate some of the costs associated with working. In many cases, these women are also required to work weekends and nights to make up for lost time.

With the rising costs of childcare, many women are finding that they need to choose between pursuing a career or raising a family. It is a harsh reality when you simply cannot afford to place your kids in childcare so you can go to work.

Fortunately, there are viable options available. Currently, childcare costs are approximately $90 per day. The decision to work part time has saved parents the costs and stresses associated with trying to balance a family with a full time career.

Ideally, many parents would love to choose their own hours and have the best of both worlds. Flexible work arrangements would allow parents to be able to fit their career around their lifestyle and make their children a priority when necessary. When it comes to a career as a Medical Transcriptionist, not only can you choose your own hours, but you may also work from home. Raising a family shouldn’t be a struggle with work and your finances. By working from home, you can also eliminate childcare fees.

TalentMed’s Diploma of Healthcare Documentation prepares you for at-home career as a qualified Medical Transcriptionist in as little as six months. As the course is both online and self-paced, you can study when it suits you. For more information on our Diploma of Healthcare Documentation or the career opportunities in Medical Transcription, please contact our Career Advisers on 1300 737 781.

About the Author:

Lauren Day

2 Comments

  1. Kim 27/06/2016 at 10:31 AM - Reply

    I guess then stay at home and enjoy your little family, it’s not worth loosing money and not raising your family, work can wait, careers can wait- end of the day it becomes a choice, your not working to pay for a better life as the article said by Friday your down $-12.00.

    • Lauren Day
      TalentMed 28/06/2016 at 10:56 AM

      Hi Kim,

      Thank you for your comment.

      We agree- raising a family is a very important time and shouldn’t be missed due to work commitments. Fortunately, the decision to work from home as a Medical Transcriptionist allows parents to balance their work commitments and still have plenty of time for their family.
      If you would like more information about the opportunities in Medical Transcription and our Diploma of Healthcare Documentation, please contact our Career Advisers on 1300 737 781. Thanks!

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