(Closed) How does anyone afford childcare?!

posted 6 years ago in TTC
Post # 2
Member
282 posts
Helper bee
  • Wedding: August 2014

When deciding when to TTC we had to decide if I would finish two more years of school and then start working and then take a break in my career to have kids or have kids before I finish school and then start my career once the kids are school age. 

im 33 weeks pregnant now and we live on a single income instead of double. It gets really close every month since we’ve been having to stock up and prepare for baby (diapers, wipes, crib, etc.) but the income I would make would only give us a few hundred bucks extra a month if we put the baby in daycare. So not worth it to me to make a tiny extra money while someone else raises my kids. It’s a sacrifice I’ve had to make and it will only be 5-8 years of our life then i can start working. 

I never grew up on a daycare environment and neither did my husband. I don’t know how people would afford that at all! 

Edit: oh, and going back to school means 15,000-20,000 worth of loans that I would need to pay off with my job before I could stop working to have kids. 

Post # 4
Member
6884 posts
Busy Beekeeper
  • Wedding: June 2011

View original reply
mrsdfarrar6714:  Are you just looking at centers? Try looking at in home licensed daycare.  Much less expensive.  Daycare centers where I live for an infant this is now almost 4 years ago was 340 or higher a week!  We found a in home licensed daycare for less than $200 a week.  Our son gets more 1 on 1 time.  

Post # 6
Member
1351 posts
Bumble bee

We waited for kids until we could afford for me to stay home. I had no intention of working because I knew my income would cover the day care and not much more!!! So what would be the point?? My only suggestion would be to consider a day home.  Some times SAHM’s take in kids while they’re home anyway. It MAY cost a little less although even at $210 a week, that’s really only $5.25 an hour so I’m not sure if a day home would be that much less. We pay sitters $10 to $12.00 an hour for just an evening out or a day out. Full time care shouldn’t cost THAT much obviously but my point is, good childcare doesn’t come cheap these days. Good luck bee!

 

  • This reply was modified 5 years, 6 months ago by  beetruz13.
Post # 7
Member
282 posts
Helper bee
  • Wedding: August 2014

View original reply
mrsdfarrar6714:  my loan payments would be more than the extra amount that we would make if we both worked so I’m holding off on pulling out those loans until I can go to school and pay the off right after and not pay daycare fees because kids will be at school! We are renting an apartment as well. I live in California and we have no plans to buy a house pretty much ever. Just way too expensive and not worth it. DH parents have a house that isn’t very nice and will take until their deathbed to pay off. We are very weary of getting a home because of that and I don’t see us ever affording that. Luckily my husbands work has pretty good healthcare coverage and he has a 401K where the match what he puts in. I don’t know what the 401K means but we were told to do it by his parents and HR people at his work who are helpful so we have that done too. 

Post # 8
Member
6884 posts
Busy Beekeeper
  • Wedding: June 2011

View original reply
mrsdfarrar6714:  I know for the daycare for we use, she either charges by the week or by the day.  She can have max 10 kids and only 2 under the age of 1.  It is very rare she has all ten kids at her home at 1 time.  So you may find a more reasonable rate wise

 

Post # 9
Member
2087 posts
Buzzing bee

I think most people cant to be honest. If you or your husband cant stay home, is it possible for you to work alternate shifts so theres someone home with the kid? Or at least so you wouldnt have to pay for a full day of care?

When my nieces were babies, I would watch them for a few hours each day in the time between my sister having to go to work and her boyfriend getting home from work. Because of her own medical issues she ended up having to quit her job and stay home, but thats how they made it work for a while

Post # 10
Member
1908 posts
Buzzing bee
  • Wedding: February 2015

Maybe your husband should stay at home once you finish school since your job has more benefits, or he could pursue a job with a flexible schedule that allows for him to stay at home on your workdays and he can work the 4 days that you don’t. If you’re already in the red when estimating a prospective budget, you definitely need to wait. I would hold off on TTC and weigh the options of you two alternating days to stay at home with the baby. That way, you can avoid daycare all together.

Post # 13
Member
1526 posts
Bumble bee
  • Wedding: March 2016

I have no idea how they do. When my son was young his dad’s mother watched him for free. I just can’t even imagine how else we would’ve handled it. It wouldn’t have even been worth it for me to keep my job if we had to pay for it.

Looking into home daycare is a good idea, just make sure to get referrals!

Post # 14
Member
5089 posts
Bee Keeper
  • Wedding: June 2011

Definitely look into home-based child care – it tends to be much less expensive than center-based care.

View original reply
purplerose92:  Could we put a moratorium on the suggestion that day care = “someone else raising my kids”?  Except in extreme cases, the parents are still the ones *raising* them. I mean, by that definition, the dad isn’t even “raising” his own kids, assuming he works full time! Which I doubt anyone would agree with. There are many different ways that people approach the need to both earn a living and care for children, and no one option is going to be right for everyone.

Post # 15
Member
978 posts
Busy bee
  • Wedding: September 2016 - Blue Hound Farm

it will likely be hard to arrange, but you may have luck saving money if you find a multi-family nanny share to participate in. If you’re splitting the cost of a nanny between yourselves and two other families it could be more reasonable than a day care’s rates. 

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