We have an 8 week old and are working through childcare for when we go back to work. How are people affording Nannys??! It’s looking like ~$4k/mo where we live and rearranging our finances to make it work is daunting, especially, since both of us make really good money.

Nannies are too expensive. We found a great in home daycare ran by a lady who was a teacher for 20 years and now has conditioned her house for that. I don't pay over 1k per month and my daughter who is 3 has learnt to color within the lines, and has learnt all the colors and count from 1-5. There's a lot of stigma around these arrangements but I consider myself lucky to have found this unicorn

Isn’t it weird how everyone talks about how you have to save money to send your kid to college but no one warns you that you will spend nearly as much on their first 4 years of childcare?
With 3 kids we have spent around $400k on childcare and still 2 years to go and we aren’t doing the cheapest options but we are certainly not doing the most expensive.

My kids are now 28 & 29... Born in 96 & 97 ( not by design..(lol) back then we paid $750 a month for TWO.. I thought that was a lot but to hear what people pay now I cannot imagine. The cost alone would deter me from having kids in this time...

Nobody is affording nannys. They're putting their kids in daycare.

Personally I think a daycare setting is the best for everyone. It will be more affordable, but also you child will benefit from being with other children. Also a proper daycare will have multiple adults, and a good one will offer structure with a stable daily schedule with great activities and outings.

We hired a nanny about 6 months ago, and couldn’t be happier about it. Our first did daycare until he turned 2, and then I pulled him out and did a nanny - it becomes a more reasonable cost once you have a second (my newborn is 2 months old, and the nanny will be watching both when I go back to work).

We afford it by not buying the newest cars, not upgrading our phones every year, and living with a mortgage that is well below a quarter of our take-home pay. I hate budgeting, but we try to just live within our means, and not take extravagant trips / spend a ton on extras that we don’t need.

It’s almost like people should research major life choices before making them

Highly dependent on your area and housing situation, but if you have a guest suite in your house to spare, a live in au pair is actually less than a nanny. There are other expenses (food, utilities, transportation) but it still works out to far less than a nanny and surprisingly close to the cost of day care.

I know no one wants to hear it, but your career will not make you more happy or fulfilled than your family will. If you and your spouse both make really good money, one of you can afford to be a full time parent. It'll also be much better for the child.

One of you stay home. Only get this opportunity once. Don't waste it on working.

If you have room to host a live in aupair it is incredibly cost effective. We get 45 hrs and can slice and dice it to meet our need like 4 hrs in the am and 4 late afternoon etc. Kids laundry, meal prep etc also done. They do live with you, it is an experience but one to consider. Initial setup cost is 7 to 8k but weekly for 45 hrs is abt 250 dollars

Nanny share if you can make it work. We still spent a small fortune on ours but overall loved the experience.

Nannies are really expensive. Having a nanny is a luxury. When you have 2+ kids, it makes more sense financially but it’s still expensive

I was recently looking for daycare as well and it was 3k a month everywhere I looked. See if you qualify for assistance through public aid office.

For 2k a month with sponsorship I'll take good care of your kids

try asking around if you find someone that has a nanny maybe they know another nanny, word of mouth is better

where do you live

Good day all employer who was looking to hire nanny/housekeeper im analyn pababero currently here in philippines experience as nanny housekeeper was looking for employer who can hire me here in my country hopefully one employer can hire thank you very much appreciated your answer 🙏

You could try to get into a nanny share which has its complications but can greatly reduce the price.

I dunno if this helps but we were shelling out 65-70k for a nanny. Hhi was 300-350k (I know, not a pittance, but not high income in our area). Our cars were over 10 yrs old. Modest mortgage at 3 percent interest. We lived next door to in home daycare where ppl dropped off kids in Porsche and Audi suvs. So for some ppl, nanny is not an option but for others like us, we thought nanny was a priority over lifestyle. Figured the nanny expense was temporary. We did end up getting a new car after kids went to public school.

Our nanny was $37/hr for one kid in a HCOL. It’s the going rate here, maybe a bit above. She was great with the kids, but at that price you’re also getting easily annoyed at anything but perfection (and no one is perfect). We needed her for the newborn phase, but I am really happy we’ve now got all our kids in full time daycare. They get more socializing, we save a ton of money, it’s more stable, and I also think it’s better for their immune system in the long run.

We have one. She is awesome with both of our kids and I can focus on work.