How much do you spend on childcare monthly?

[Anonymous]

1,800 a month for a nanny 50 hours per week. 3 toddlers ages 1,1 and 2.5

[Anonymous]

Anonymous wrote:$1355/month. 3 kids. Baby and toddler in DoD daycare full time ($1190). Elementary aged child in before school care ($165). Flex schedule so no aftercare needed.

Sweet. Are you at Belvoir? Bolling?

[Anonymous]

Anonymous wrote:1,800 a month for a nanny 50 hours per week. 3 toddlers ages 1,1 and 2.5

Where did you find this nanny

[Anonymous]

is this just a dc/nyc thing? i live in dc, no kids yet, and this makes me think i cannot afford a child. i would be writing my paycheck to daycare.

[Anonymous]

Anonymous wrote:

Anonymous wrote:1,800 a month for a nanny 50 hours per week. 3 toddlers ages 1,1 and 2.5

Where did you find this nanny

Care.com

[Anonymous]

Anonymous wrote:is this just a dc/nyc thing? i live in dc, no kids yet, and this makes me think i cannot afford a child. i would be writing my paycheck to daycare.

Right..are many people basically just breaking even here?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1,800 a month for a nanny 50 hours per week. 3 toddlers ages 1,1 and 2.5

Where did you find this nanny

Care.com

$9/hr for 3 toddlers? No way

[Anonymous]

Nanny $25/hr, 40 hours weekly.

[Anonymous]

Anonymous wrote:Nanny $25/hr, 40 hours weekly.

OMG

[Anonymous]

~350/month. My mother watches our 2yo M-Th and she goes to a co-op preschool Tues & Thurs for 4 hrs.

[Anonymous]

In home daycare in Annandale. $180/week so $720/month for one child. Same price for infant or preschooler. M-F. Available hours are 7am-6pm. She provides food but not diapers or formula. She is a licensed provider with an assistant. I've been with her for almost 7 years now and not once has she closed for being sick. She always finds coverage.

For those of you reading this thread thinking you cannot afford children, there are good, caring, options available.

[Anonymous]

I need to quit my job and open a daycare center!

[Anonymous]

Anonymous wrote:I need to quit my job and open a daycare center!

People are really doing this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$3150 for two kids in daycare.

There are childcare FSA's if your employer offers one (feds get it) that let you apply $5000 pre-tax money for childcare costs. As you can see, for me that covers less than 2 months of care.

There is also a childcare credit which caps at $3000/child up to $6000 total but is phased out based on income. You have to deduct any FSA money from the credit. So if you only have 1 kid, if you use the FSA you can not use the childcare credit.

For my two kids, I use the $5000 FSA (worth about $1400 in tax savings), and then I get to claim $1000 additional for the childcare credit, but at my income level 80% of it is phased out so I get an extra $200 credit.

Really?? I thought you could only use one or the other, but not claim both

You can do both, as explained (whatever you put in the FSA is subtracted from what you can get the credit for--people who put $5000 in the FSA can only get the credit for $1000).

[Anonymous]

Anonymous wrote:

Anonymous wrote:is this just a dc/nyc thing? i live in dc, no kids yet, and this makes me think i cannot afford a child. i would be writing my paycheck to daycare.

Right..are many people basically just breaking even here?

I I basically have about $100 left over from my take home pay after we pay daycare costs. Things are super tight. We had decided we couldn't afford a second child, but I got pregnant accidentally. This second kid just may bankrupt us.