(Closed) How do people afford daycare?

posted 5 years ago in Parenting
Post # 3
Member
7307 posts
Busy Beekeeper
  • Wedding: October 2010

I just got my 2012 tax receipts from my daycare providers- last year we paid over $17,000 for our 2 girls.  We live in Baltimore which is not even an “expensive” city.  It makes having a 3rd child seem prohibitive.

Post # 5
Member
1659 posts
Bumble bee
  • Wedding: July 2012

We pay $1250/month for our 2 year old at an in-home. It’s annoying to not have that money, but both of us make enough that $1250 is completely justifiable. DD2 is 6 weeks and since I WAH she can stay with me for a while, so when DD1 is in preschool and DD2 is in daycare, we’ll be paying at least $2500/month. No vacations for a while…like five years :-/

Post # 6
Member
14306 posts
Honey Beekeeper
  • Wedding: June 2011

@eeniebeans:  is child care tax deductable??

Post # 7
Member
7307 posts
Busy Beekeeper
  • Wedding: October 2010

You get a tax credit for having a child period.  And then some of the day care is deductible- but not nearly enough of it!

 

Post # 8
Member
2622 posts
Sugar bee
  • Wedding: November 1999

Lots of sacrifices, 

I know one family that mom works part time and she aranges her days with another mom that works part time and they watch each others kids.

I know another family where mom quite her job and started working nights and weekends bartending so they kids didnt have to be in daycare. They couldnt afford it or chose not to do it, not sure which it s.

Help from family for some people to help offset the cost as well. 

Post # 9
Member
559 posts
Busy bee
  • Wedding: September 2014

Holy cow, I’m living in the wrong part of the country! I work at a licensed daycare and preschool center and the highest price we charge is for full-time infants, which is $600/month!

Post # 10
Member
203 posts
Helper bee
  • Wedding: June 2014

The good news is that it should get less as the child gets older.  I also lived in the New England area and was paying that much or more when I first started then as he got older it went to $175 per week.  Now it’s less because he’s much older and in school. 

 

It’s a lot of money but you usually don’t have a choice when you don’t have any family in the area. 

Post # 11
Member
2809 posts
Sugar bee
  • Wedding: May 2012

No idea. SIL is due in March and daycare for infants in my area are roughly $2,300 per month. I can’t even fathom how people afford that!

Post # 12
Member
6824 posts
Busy Beekeeper
  • Wedding: June 2011

We only pay $680 a month but that is for a in home licensed day care.  If we were in a center we would be paying roughly $1500 a month for day care. My provider charges one rate for all ages. While most center’s charge more for an infant and go down in price as the child ages. If we have another child (which we are talking about, I will have to be a SAHM) because we won’t be able to afford daycare.

 

 

Post # 13
Member
8464 posts
Bumble Beekeeper
  • Wedding: April 2013

Wow I had no idea daycare was so expensive.  It’s too bad that most households now need 2 incomes to function.

Post # 14
Member
606 posts
Busy bee
  • Wedding: April 2015

@pinkshoes: : @eeniebeans: is right! It is tax dedictuble but there is an extremely low limit…something like $3,000 a year.

It really does take a lot of sacrifices. Even though I really do not want to quit work, I often think that if I ever have another child, SO and I will have to consider the cost comparision of me staying home.

Post # 15
Member
9057 posts
Buzzing Beekeeper
  • Wedding: June 2010

It’s about $1400/month here as well. Dh and I are both emergency services workers and have previously enjoyed having the same 4 on 4 off schedule but essentially our plan is for me to take mat leave for a year and then on baby’s first birthday kiss each other goodbye for 4 years and take on opposite shifts so we’ll only need child care two days a week for maybe 4 hours while we switch places and take a nap. 

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