{ "media_type": "text", "post_content": "What is your HH income, age of your kids and how much do you spend on childcare per year including summer camps etc ? I am a recent single mother with 2 kids ( 3 years , 9 months ) and childcare takes 50% of my take home. Utilities, food etc takes remaining 50% with almost nothing to spare. Trying to predict how long I can do this etc. any tips would be helpful ? My ex pays the mortgage which is 50% of childcare right now. I have a nanny 9 to 5. I save zero and it scares me .", "post_id": "61eded4cb80f47002b9e4913", "reply_count": 27, "vote_count": 4, "bowl_id": "58f81646ae9f610010f869be", "bowl_name": "Consulting Moms", "feed_type": "bowl" }

What is your HH income, age of your kids and how much do you spend on childcare per year including summer camps etc ? I am a recent single mother with 2 kids ( 3 years , 9 months ) and childcare takes 50% of my take home. Utilities, food etc takes remaining 50% with almost nothing to spare. Trying to predict how long I can do this etc. any tips would be helpful ? My ex pays the mortgage which is 50% of childcare right now. I have a nanny 9 to 5. I save zero and it scares me .

Posting as :
works at
You are currently posting as works at

You should do daycare instead of nanny. You will be able to save money there. I had a nanny ( an affordable one) and it was 2k per month plus 200$ in activities. My daughter (3) now goes to daycare part time and nanny comes 2x a week. Now that’s about the same because daycare raised their prices. In august , daughter will go full time to daycare and that will save me 1k.


D1, it’s about 10k for the year to the agency, and then you pay the au pair minimum $200 per week plus cell phone line, and $500 per year for education. It works out to about $400 per week for 45 hours of care, so yeah about $1800 per month is right on.


One more thought - having a nanny for 2 kids may be more cost effective than daycare, the cost per childcare for daycare is very high and they don’t seem to give discounts, where a nanny may not charge that much more for 2 kids


Totally agree. We got $100 off when we enrolled our second 🙄

It is so difficult to manage everything. To start - sending you major props and positive vibes for everything you do! My husband and I are at $600k HH income and pay $2500/month for daycare for 1. It’s a lot but we look at it as it will only last for the first few years before school starts and that having them in a place we trust and where they’re relearning is well worth it. Is there anything you can do to reduce other expenses and save? Do you contribute to a flexible care spending plan (FSA)?

$400k total income combined (husband and I) up to elementary/first grade (public school) it was $2600/month for daycare and now after school care is much less -about $600/month (YMCA) plus $9k for both kids summer camps.

HHI 400k, hcol area. Daycare is 60k annually across three kids (5 and under), more than half due to infant. Housing comes out to even more for a modest (<1.5k sqft) condo. We question why we live here sometimes, haha. Question for you OP is what’s discretionary out of the other 50% of your budget. We found childcare to be very hard to reduce, but cut back on eating out, buying things, etc.

I know. My family is from a non coastal state and live in twice the house at half the price. I’m sure my folks think that each generation is supposed to live better off, not worse haha.

HHI of $225k, $22k a year on childcare with 3 yr old and 1 year old (au pair).

HHI ~300k, daycare $4k monthly for both kids. Only 3and 1 so no camps or anything like that. We only very occasionally used babysitter pre-covid and haven't since so daycare is our only childcare cost.

Saving zero does sound not ideal. I’d consider switching to daycare if that is an option. To answer your question, HHI (gross) is about $600-700k (honestly until tax time I’m not even sure), we pay a full time nanny about $75k but with employer taxes I think she costs us more like $80-85k, so that’s maybe 15-20% of gross income to childcare. We’ll start preschool in the fall for the older two and give nanny a raise so next year we might spent more like $100k total on childcare and tuition, which yes does seem like a TON

Smaller Midwestern market. She’s been with us 2+ years and we’ve given her a big raise at each annual anniversary to incentivize her to stay. She is also taking care of three kids. We do believe we pay her way above market but we do it on purpose. Consistency of high quality childcare is critical… even more so in these recent crazy times


I can’t imagine what you’re going through right now. Do you have a good support system right now?

$1M HHI HCOL, daycare is $60K plus activities for two under 3. Do you happen to have family around while you go through this transition? My parents live across the country but my mom would watch our children if she could. I would look into other nanny options as they may be more flexible in rates.

Related Posts

Question to the people earning more than 30 LPA, how much tax you pay? How do you save tax?


Males: you've been with a girl for more than 2 years, she visits you at your home and spends time with your mother, you see a future with her... Do you still put it off till you're the "right age"?


Is it feasible to get an in-person MBA if you plan to have a child? Main Concerns: financials, work load, networking Additional info: Age 28, wife would take off from work to be primary caregiver


Sure enough, had nightmares of puppy-monkey-baby.


Opinion: Does a guy need to get permission from a girl's father before proposing?


A former boss reached out about a role on his new team. When it came up that I just had a kid, he literally said, “I think you’re busy with other priorities now.” And the conversation ended. Anyway, that still happens.


Is 36 too late to become a first time dad ? I am worried that the kid might not be settled in life before I retire by 60


To buy or not to buy a house in 2021? Wife pregnant, planning on having our second one within 2-3 years as well so we will need a new place for sure in the next 3-5 years. Currently own a duplex and renting another unit but not planning on selling it. We were looking last year and there was a lot of options for decent prices but decided to hold up because of pandemic and now PRICES ARE RIDICULOUS houses are so bad !!! Unless above 600-700k


My husband is not talking to me because I told him he never does anything for me for Mother’s Day. Literally never did. I guess not talking to me is a good way to get out of doing something this year. End vent.


Change my mind: Blanket student loan forgiveness would be borderline immoral. It’d be a giveaway to the most educated and, generally, most wealthy people in society. Plus unnecessary given that we can give relief to those really struggling by using or expanding existing loan forgiveness and income based repayment programs.


Got in a spat with my SO. He didn’t want to wake up to drop me to the airport at 330am and said it was unreasonable that I was asking that of him. He helped arrange a taxi service (we’re on vacation). I am still pretty miffed that he thinks he’s in the right to avoid being inconvenienced. I woulda woken up and taken him and it’s not about saving dollars. Sometimes you show love by being willing to be inconvenienced. F here fwiw


How long is paternity/maternity at your firm?


I got offered my dream job in industry and just found out I'm pregnant. Their compensation is awesome but their mat leave sucks. Stay in consulting till after mat leave or move to my dream job now?


Help! What are your best Father’s Day gifts? This will be my husbands second and my brain has shut down. I can’t think beyond photos and we have enough of them. I also got his and baby Matching T-shirt last year. I am totally blank! Any suggestions are appreciated. Thank you


What’s your most controversial opinion? I’ll go first: I negatively judge teen parents for choosing to have a baby


Why is there always at least one crying baby or toddler on every red eye flight?


Reply with your favorite Baby Yoda meme. I have 4 delta drink vouchers and will trade for dope memes. *not all memes guaranteed a voucher😋


Don't even care that I am going to be waking up at ungodly hours and that i'll be running a project for my least favorite client... because I'll be in Chicago baby!


Feeling like Karate Kid in this hotel bathrobe 🙏🏽


Additional Posts

What career advice would you give your 30-year-old self? 😇


Hey Fishes, My variable pay is 1.42 lakhs (21% of fixed) , it is mentioned that I can get anywhere in between 0 to 21% . What is the average that I can expect?? Please reply if you have any relevant information. Thanks


Hi, I want to start studying for my GRE in June for Round 2 applications to start fall 2021. Can you please provide insight on if I would have enough time? Thanks!


How has consulting changed you?


I’ve seen a few posts of ppl trying to transition from lit to tech trans - why? What is your day to day like in TT and how does it compare to lit?


Please don’t judge me. I am not doing very well mentally. I went on a date last night and got a few drinks. We kissed. After we were done, I told him that I’m going back home since I had to work. He kept insisting that I go back to his place. I kept refusing but finally I gave in and went to his place since I had to pee and I was a little buzzed. (I know this was very irresponsible of me) Once I was there, he took his shirt off and started forcing himself on me. (Cont)


Is it possible to get promoted early from Associate 2 to VP at a Tier 1 boutique IB?

Hi all! We bootstrapped through development and market product fit, and it’s time to bring on investors. We have meetings with great VCs lined up - do you have any recommendations or examples of great pitch decks? Thank you!! And wish us luck 🤞


It’s never to be helpful

Post Photo

I need some advice. I am the chief science officer for a genetics company. The CEO recruited me with the intent of giving me ownership. He still hasn’t and it’s been a year. How can I approach this. He is very emotional but I also love what I don’t and see incredible potential


Just got into Brooklyn 99. I’m ashamed to admit I’m so addicted...


Hi all, I am actively looking for a switch into high paying product management jobs. Anybody interested in refering me into below companies/skill sets. B2B [ internal, enterprise, saas ] Tech [ AI, Machine Learning, NLP, OCR, ] WorkEx [ 7+ ( 3-4 in AI development, 2-3 in AI PM)] Prefered [ Microsoft, ServiceNow, Intuit, Intel, Expedia, Amazon, etc ] Thanks


Will anyone apply to Sloan this year, and wonder whether there is any opinion on the video piece? They said just simple introduction, but it makes me feel it is harder when they ask for less.


Is the market gonna crash in next 2 months? Nearly all tech or EV stonks I look at are near to 52 week high. I think we will run out of gas soon.


Shopping around for mortgages. Gotten quotes from sofi and Wells Fargo. Any other places that people would recommend?


Post a link to your favorite small business that we can support via gift card or other purchase during this challenging period. It'll be cool to see favorite small business from around the country!


Anyone looking for an opportunity to book at a beautiful venue in NJ? My fiancée and I are selling our deposit because unfortunately, we had to cancel our wedding. We are willing to offer a $500 discount towards the deposit! If interested, please message me.


41 yrs Advisory SM, passed over for promo to P 2 yrs now. whats a good smaller firm to consier for a lateral/one up move? dont want to leave but macro environment in fin svcs is bad. suggestions?

If you have any questions, ask away.As a community, we will all try to answer them!!


Friday night vibes

Post Photo

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here


Embed this post

Copy and paste embed code on your site


Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or