How much is daycare where you live and how do you budget for it?

posted 2 years ago in TTC
  • poll: How much do you pay for daycare per month (per child)?

    0-1000

    1001-2000

    2001-3000

    3000+

  • Post # 62
    Member
    5624 posts
    Bee Keeper
    • Wedding: July 2018

    Theme of this post seems to be ‘omg daycare is so expensive we pay about 0.00025% a month 😢’

    Post # 63
    Member
    5430 posts
    Bee Keeper
    • Wedding: October 2017

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    zzar45 :  

    If you’re referring to me, I corrected myself in a later post.

    Post # 64
    Member
    5624 posts
    Bee Keeper
    • Wedding: July 2018

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    Sansa85 :  I wasn’t negatively referring to you, there were several other comments like that!

    Post # 65
    Member
    5430 posts
    Bee Keeper
    • Wedding: October 2017

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    zzar45 :  

    I have a guilty conscience, I found it after it was too late to edit it lol

    Post # 67
    Member
    5624 posts
    Bee Keeper
    • Wedding: July 2018

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    DrAtkins :  I know! One was 0.5%!

    Post # 68
    Member
    9841 posts
    Buzzing Beekeeper
    • Wedding: August 2012

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    DrAtkins :  When we have two kids in daycare it will be like 25% of our combined income. Yikes. I don’t know how people who have kids close together do it. At least we’ve had 3 years to save up for that overlap…

    Post # 69
    Member
    9389 posts
    Buzzing Beekeeper
    • Wedding: July 2016

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    DrAtkins :  yeah I calculated a few annual incomes and was like dayum girl.

    I do not care to say what % of my monthly income the $2500 or so we spend on daycare will be. Lots, let’s say.

    Post # 70
    Member
    1475 posts
    Bumble bee
    • Wedding: September 2015

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    Sansa85 :  OMG I made the same error you did. Monthly cost as percentage of our YEARLY income LOL. And now I can’t edit either.

    But ty so much because yeah I was like hmmm that can’t be right I ain’t that rich, but I checked the calculator several times. Turns out my calculation was correct but premises were wrong. Also I think the OP asked for pre-tax income (but maybe I’m wrong about that too) and not take-home, so that skewed it more.  

    Post # 71
    Member
    843 posts
    Busy bee

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    DrAtkins :  Maybe it was my comment you are referring to? I’d like to offer my perspective though: Two tech jobs in Silicon Valley will easily give you that kind of income. But the key really was ‘pre tax’. Between California’s state tax, federal tax and our home’s property tax, our take home is just about HALF our pre tax income. Not to mention the insane cost of housing here, where the MEDIAN home costs a million. So, in a lower cost of living area, we’d be just as wealthy with a significantly lower income. 

    I’m not going to kid myself- we certainly do well. BUT, given where we live, affording a second kid was not a given at all. And our lifestyle, while certainly comfortable, is hardly what you’d associate with ‘wealthy’. Trust me, I too was super skeptical when I used to read about people making well over 300k and feeling ‘middle class’. Oh, I get it now. Though again, I fully recognize that I don’t have to deal with the anxiety that comes with being one medical bill or car accident away from a financial catastrophe, which is where most actual middle class people are. 

    And, we’re late bloomers. I’m 38. My husband will soon turn 40. Like you, we both went the PhD route, so we only started making any money in our 30s after we left academia! Forget savings, I didn’t even have a 401k until age 30. 🙂

     

     

     

    Post # 72
    Member
    1531 posts
    Bumble bee

    Me and bf recently had a convo about having kids and where to raise them since we are from different countries. I’m from the Nordics. We pay according to income but max $350/month. And then with other kids you get a discount. Low-income families don’t pay anything. Me and my bf would pay $240/month for.one kid with our income.

    The numbers in the usa are so high. They are more than I make in a month. It seems crazy to me that it is cheaper to be a SAHP than to work.

    Post # 73
    Member
    749 posts
    Busy bee

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    TheGridMonster :  If 1450/month is less than 2% of your household’s monthly salary, you are earning more than ~$72,500 EACH MONTH, which is about what I (and a lot of other people) make in one year and even more than some people earn in a year. I get that you live in a high COL area, but I’m honestly not sure why you are “complaining” about in a thread about the high cost of daycare, but congrats to you on your $870k yearly income I guess…

    Damn, this kind of humblebragging annoys me so much I couldn’t help but post on an older thread.

    Post # 74
    Member
    9527 posts
    Buzzing Beekeeper

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    anabee323 :  I wasn’t complaining. OP asked: ”So, I’d like to know, how much is daycare per month where you live? What percentage of your monthly pretax income is it? I’d appreciate if those that do full time daycare (5 days a week/40 hours a week) could answer the poll. We don’t have any family or friends nearby to share in babysitting or childcare, so that is not an option.”

    I answered her question. 

    Post # 75
    Member
    749 posts
    Busy bee

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    TheGridMonster :  Honestly when you make north of 800k per year, “how do you budget for it?” doesn’t really apply to you. How people budget for daycare and how they make it affordable for themselves is the whole point of this post.

    Great on you for having a great income, but you were obviously humblebragging about it on a post about how expensive daycare is for most people who are not as fortunate as you are.

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