{ "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 .

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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.

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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.

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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

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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

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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.

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