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Reply to "What Percent of Your Income Do You Spend on Childcare?"
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[quote=Anonymous]I assume you mean strictly the cost of daycare or a nanny, and not all the other costs that would be there regardless (clothes, toys, food, etc.). We pay roughly $21,600/year for our 2 year old to be at a center full-time. I make $90,000 and DH makes $250,000 (excluding stock), so I guess that comes out to roughly 6% of our pre-tax income. With 1 kid and no plans for another, we don't particularly need my income, but it allows us to more easily afford luxuries, put money away for college and retirement, and it gives DH flexibility to take more risks, work-wise. I'm a fed, so my job isn't going anywhere anytime soon. I also love my work and DD loves her daycare program, so I don't want to quit. [/quote]
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