It's good to know that the government is stepping up to encourage couples to try for more babies but how much is enough? ah...that is the question!
As a working mother of 3 kids, I can tell you straight in the face that life is not easy to balance between work & family. To manage my work, I have to put all my children through childcare so that I am able to earn more money to supplement for their enrichment classes, their outing expenditures and etc. Nowadays, dual-income families are very common but I'm not saying we can't rely on single-income to survive. Of course, there will be a lot of things we have to forgo in order to survive on that minimal amount of money each month.
Problem #1 - Childcare subsidy & fees
With the increase in childcare charges, the slight increment in Baby Bonus is not going to help me in the long run and what will happen if the childcare charges continue to increase years later? Probably it would be able to help me tide over the 1st year of the childcare fees but what about subsequent years?
Problem #2 - Medical fees
Through my experience, my bill can amount more than 2k each year based on the medical fees my 3 children accumulated. A visit to a PD can cost me more than $100-$200 plus if we don't pump in more money to buy extra medical insurance for them, probably we might need to pay even more for their hospitalisation fees.
Of course, these are not the sole reason we are stopping at 3 & I'm not discouraging people from having more babies. For families who are trying for more kids, good for them. Personally I felt with that little help, situation is not going to improve in the long run if the standard of living is going to increase every year (property, maid, childcare...the list can go on).
Anyway, the new incentives can't please everyone (including me). I felt that we should know our limits & abilities to plan how many kids we are able to have & not because of some short-term benefits to entice us to have more.
So what are your thoughts?
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