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Preschool and Daycare Discussion
Reply to "Daycare Cost Survey"
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[quote=Anonymous]Our daycare center in Rockville charges $1,800 per month for 0-24 month olds and $1,300 for 3-5 year olds. So for the two it'd be $37,000 per year. A small portion of that can be tax free with an FSA. Agree with PP that if you are thinking about the financial pros and cons of going back to work, don't just think about the salary vs daycare costs. Think about the long-term benefits of being in the workforce. Not just retirement and social security but also salary growth. Obviously this depends on your field, but in mine at least (government), salary depends a lot on tenure and the sooner you start, the sooner your salary will go up. Of course, there are other non-financial pros and cons of going back to the workforce, but I'm just referring to financial considerations.[/quote]
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