With Mother's Day fast approaching, it's an enticing question: How much is a typical mom really worth?
How much is your mom worth?
We all know there's nothing typical about her, right?
So, you're hardly prepared to put a price tag on her and everything she does. She's priceless.
OK -- we'll grant you that.
But -- if only for life insurance purposes -- what if you had to come up with an annual worth for your mom?
Well, Fox Business took a typical mom's chores and costed them out according to how much a family would have to spend to pay professionals to do the same things.
They call this the Mother's Day Index.
Here's what they came up with:
The Mother's Day Index 2011
|Mom job||BLS Occupation used||Hours per week||Annual Mom cost|
|Driving||Taxi drivers and chauffeurs||9||$6,292.90|
|Helping with homework||Other teachers and instructors||10||$7,140.00|
|Taking care of the kids||Child Care Worker||40||$20,696.00|
|Nursing wounds||Licensed practical and licensed vocational nurses||2||$429.60|
|Cleaning up||Maids and housekeeping cleaners||10||$4,888.00|
|Planning parties||Meeting & Convention Planners||1||$1,479.04|
|Summer activity planner||Miscellaneous community and social service specialists||40||$8,724.00|
|Haircuts||Hairdressers, hairstylists, and cosmetologists||0.5||$300.30|
|Shopping for the family||Personal and home care aides||3||$1,579.50|
|Family finances||Accountants and auditors||0.5||$619.45|
|Yard work||Grounds maintenance workers||1||$562.90|
|Fixing up the house||Interior Designers||0.50||$999.60|
|Finding out what the kids are up to||Private detectives and investigators||0.50||$791.00|
TOTAL ANNUAL COST OF MOM: $61,426.00
Source: U.S. Bureau of Labor Statistics