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[quote=Anonymous]Nanny or Daycare?

My husband and I have a 4-month-old son. I’m heading back to work at the end of March, and I’m still uncertain about childcare.

We are on the waitlist for two daycares - both a are highly recommend. One ( 8 minute walk from our house) will have a spot for him in the beginning of April, and the second ( 1.5 mile walk from our house), will have a spot for him in May. They both offer 2,3, and 5 day options, and both cost around $1,500 ( 2 days), $1,700 ( 3 days), and $2,000 ( 5 days) a month.

We have interviewed 5 nannies and two of them we really liked. The rates ranged, but average was $18/hour. We need some 40 hours a week. Schedule will be $ M-TH, 8-5, but we most nannies want 40 hours. We were thinking of doing a half day ( 4 hours) on Friday, or using those 16 hours a month for own full Friday a month plus date night sitting, etc. We are also thinking of keeping pay at 36 hours a week, but paying a little higher like $20/hour. We have to pay everything legally due to our jobs. It will cost somewhere between $40-50k a year with rate, benefits ( 5 sick days, paid holidays, and 2 weeks paid vacation), and employer taxes.

I think there are pros and cons to both. We like that a nanny provides one-on-one attention, can help with things around the house, will limit exposure to illnesses, etc. We plan to use a local library class 2-3 days a week for socialization, and I’m sure trips to the park and other activities will happen once he’s older. We like that daycare provides more stability than a nanny. Relying on one person concerns us. We like that it offer so much socialization. It’s also half the cost of a nanny, and both are close. We will looking to back-up sitters whether we go with daycare or a nanny. My MIL is retired and can help too. If we do daycare ( 3 days), she will be caring for him for the other day I work. She will also be helping if we decide to go with daycare, and there is any overlap between work and daycare.

What would you do? How did you decide?

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