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Reply to "What Percent of Your Income Do You Spend on Childcare?"
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[quote=Anonymous][quote=Anonymous]The title says it all. I earn $75k. With two children under 4, childcare costs are $50k. Should I just stay home until the youngest is in Kindergarten?[/quote] When I had my first kid I made 55K/yr, I spent $14,300/yr on childcare. When I had my second kid, we went to a nanny, I made 90k/yr and spent 45K on childcare, plus another 5K on church based preschool. This was 9 years ago. This year I am on target to make 296K and am very glad I played the long game and never was short sighted about my career.[/quote]
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