Top things to consider when returning to work

When considering childcare

When you return to work, you might need to put your kids in childcare. This can be expensive, costing up to $140 a day, which is a big hit to the family budget. For example, when both parents are working full-time, a three-year-old costs 13.1% of their parents’ taxable income. This increases to 38.5% with childcare included.

Finding a childcare centre that meets your budget can be a long process. Especially as some have long waiting lists. Remember, you may be entitled to government subsidies, opens in new window to help you cover the costs of childcare.

For more helpful information about returning to work visit the ASIC Money Smart website, opens in new window.

Balancing family and work

For many parents, returning to work, opens in new window brings a feeling of independence and a sense of things going back to normal. But, you may also be facing some challenges, such as being away from your child and perhaps nervousness about being back on the job.

It's important to take things slow. Why not speak to your employer about flexible working arrangements? This could be working from home on agreed days or reduced working hours.

If you're finding your return to work is difficult, don't struggle alone, speak to your friends and family for help and support.

Change how you see your budget

You'll find that as your life has changed dramatically, you now make decisions based on your priorities as a parent. Thankfully, being on top of your finances and having a solid savings plan can give you the financial freedom to make the best decisions for you and your family.

It’s important to have a handle on your money, so that you have less to worry about during a typically stressful time. If you're looking for some tips on budgeting and saving, check out our article on simple and smart saving habits.