Their research shows that:
- eight out of ten new mums headed back to the office because they were ‘in desperate need of money’, while only one in five returned to work because they loved their job.
- 43 per cent of mums said they cannot afford to pay for childcare despite being back at work. This is why nearly half of them, 46 per cent, rely on their mum to care for their child, while friends and grandparents are also called upon regularly.
- One in six mothers will not return to work, with two thirds saying they want to stay with their child and be more involved with their upbringing. Four in ten said it is not financially worth it because it ends up more expensive hiring a nanny or forking out on childcare costs averaging £4,280 a year.
Becky Goddard-Hill has some great tips in her book "How to afford time off with your baby". She also features in this video sharing some of her money-saving tips:
Do you have any other great money-saving tips you'd like to share?