Having received an unexpected windfall recently, I decided to splurge on a fairly expensive set of toy for Faith. Quite possibly, this is the most expensive item that I have ever bought for her. And while at the cashier, a colourful box of shakers caught my eye and I ended up adding 2 cluster bells instrument to the purchase.
The source of the unexpected windfall wasn't any lottery winnings by the way. Even though I had been on 3 months of maternity leave, followed by a 2-year leave of absence (which is termed as No Pay Leave or NPL for good reason) after the birth of Faith, I had technically "worked" for 3 months last year. That qualifies me for a pro-rated performance bonus that is paid out this year in May.
Having that extra bit of money seemed to induce a heady sense of impulse buying tendency. Actually, to give credit to myself, only the cluster bells were an impulse purchase. I had been eyeing the bead maze toy for Faith for quite a while. But becos they were rather expensive [from my perspective], Louis and I decided to put off the purchase for much later.
Since the extra bit of bonus came in and I figured that this would absolutely be the last time in my 2-year NPL that I would receive any further moolah, I decided to bring forward the purchase of the bead maze. Besides, this would be something that I got for Faith with my own money. Sounds logical, yah? At least this sounds perfectly reasonable and absolutely intelligent rationalisation from the viewpoints of an ex-shopaholic ;)
Even though my mom thinks otherwise, objectively, I don't think Faith has a lot of toys so far. The amount of toys she has only fills a 45cm tall Ikea storage basket. Of course, I've excluded cloth and board books from the list. Books can't be classified as toys! Books are well...educational books.
Thankfully, we don't have many big toys that take up space either. The only one that she has currently is a walker that converts to become a toy car. Other big sets of toys that she had played with were gratefully loaned from a few generous friends. Including the latest acquisition, Faith currently only has 2 big toys -- which I'm sure my mom would say is 2 too many :)
All this long[winded] preamble serves to surface a recent discussion that I had with Louis just before he left home to board the red eye flight to Doha. One of the issues discussed was whether we would be able to save more if I work too. This cropped up in the context of whether I
should and
would return to the workforce after my 2-year NPL is up.
Alright... if my boss(es) are reading this, let me inform that we have yet to reach any conclusion on the latter issue as there are other factors that would come into play around the time my NPL ends ;)
Back to the point about whether we would save more if I work... the conclusion at the end of the discussion was that we might not really save more or even if we did, it wouldn't be that much more.
If and when I go back to work, our total household income would definitely increase. However, in proportional to that additional income, we would also be increasing our spending. I am dead sure that I would be wearing off the soles of my shoes spending my lunch, after office hours or weekends buying a long list of toys and clothes or sign up endless enrichment and/or learning classes for Faith.
After all, there's a whole industry of all the conceivable and inconceivable things that parents can spend on their kids and I'm pretty certain there are some statistics out there supporting the fact that guilt-ridden working parents (as well as SAHMs) are contributing to the industry's double digit growth rate with their purchases. And let's not forget, with that much more money, how about taking 2 or 3 trips overseas to far-flung places a year, or maybe another one more insurance policy to add to the life, endowment and educational funds that you've already bought for your kid?
As highlighted with my purchase today, its really hard to ignore that siren-like call to spend spend spend some more moolah, knowing your next pay would be deposited into your bank account in the next few days. With that all spending, its not hard to imagine that an inverse-co-relation between increased income and savings could very well happen.
Of course, just as there are households who would spend more money with an increased household income, there are those who need both parents to work just to make ends meet and for some unfortunate others, to barely live on a day-to-day basis :(
We've been very fortunate and ever thankful that our financial situation has afforded for me to take a leave of absence from work. Yet we can still live comfortably with Louis being the sole bread-winner.
In perspective, I have come to be more mindful and careful with my spending in a single-income household. Okay... maybe I still have some occasional lapses and overspend a little, but I do try to keep it in check and as a whole, am successful at it more often than I fail :)
There's lesser of an urge to impulse buy or continuously buy things for Faith to assuage the guilt that I am not able to spend more time with her. In fact, more often than not, Faith's happy to play with things like my measuring spoons, salad bowls, digital thermometer, Ikea kids' cups and bowls and whatever that catches her fancy in the house. Unfortunately, that also includes other forbidden items like our cellphones, TV/DVD/cable remotes, music player etc.
I'm blessed to be able to spend a lot of time with her, watching her tackle every development milestones, be there to kiss and hug her for every single minor or major achievements or something as fulfilling as attending Little Gym classes with her on a weekday, freeing the weekends for more family time -- I've seen kids attending classes with maids and grandparents instead.
I am also able to leisurely pursue some of my passions like baking, attending cooking classes, hitting the gym at off-peak hours and stuff like that that a working mother would be hard pressed to squeeze any further time out to do. And if I'm not lazy, I am able to cook a nice home-cooked meal much to the appreciation of my dear hubby.
Becos I'm not plagued by stress at work, I am a much happier person and hence, a better wife and mother. Most importantly, becos I'm a SAHM, Louis and I have the ability and flexibility to fed and raise Faith with the values that we believe in and hold dear to.
Certainly, working would provide me with some amount of financial independence, a wider perspective in life, colleagues that I can chat and gossip with, and of course, a safety net should either of us ever lose our jobs. However, in the whole scheme of things, being a SAHM has provided me lots of benefits and pluses that might not be equitably compensated by a monthly salary.
So, back to the question of whether we would be able to save more if I work. Well... maybe we would be able to save a
liiiiiiittle bit more, but I'm not sure if I would be a happier person as a result. As for Louis, he said that whatever makes me happy makes him happy too.
Ahhhh... what a wonderful husband I have :)