Reply to Household income and daycare expenses

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Ha.  Your initial question actually made me laugh, and I’m really not trying to be mean, I just don’t understand how anyone with children in this area can approach childcare costs from a “how much should we spend as a percentage of our income” perspective.  The overwhelming majority of households with 2+ (and often 1 kid) are most likely thinking how can I get my kid into quality care anywhere.  The percentage of your income is generally whatever you find availlable when you need it that isn’t going to drive you straight to bankruptcy, at least within a year or two.

Our HHI is around $220k  with a mortgage la little less than what you want to upgrade to and for our two toddlers in the Nova burbs at a center we pay $3700/month.

Also, the nanny v. daycare breaking point is not just financial.  If you’re just thinking about having a second, that puts your first at maybe 3-3.5 when you will need care for the new baby.  It depends on your kid, but my 3 yo would not thrive being home with a nanny and baby.  Some would, some wouldn’t, but you’d be pulling him out of a stimulating daycare environment where he has structure and is around kids his own age to be at home with someone juggling the demands of an infant and likely catering more to an infant schedule. [/quote]

+1 to your last paragraph. I'm the PP above w/ the $4400/month daycare costs for two kids. I *think* I'm probably at the break even point for a nanny, but I just can't bear to pull my oldest out of daycare. She loves it so much and it is SO good for her. I would feel bad for her at home with a nanny and a baby all day. Plus, the overlap is only for a year and then I'd be firing my nanny and trying to find daycare again so it just sounds like a huge headache in general. [/quote]

+2 from a PP.  There are just too many factors to consider to make it purely about finances.  We pay more than we *need* for childcare, but our kids have had such a terrific experience at their center, and the continuity has made our lives much easier, that it feels well worth it to us.[/quote]

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