Reply to Budget for nanny starting September

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Omg... this is op, I am not sure if I can afford $20/hr, $30/overtime hr plus benefits & taxes. That costs more than my after taxes monthly salary. That is $4700 monthly base salary plus benefits/taxes for taking care of my 4 year old. Is that how much what everyone is paying?[/quote]

You cannot afford a nanny.  You would have to pay 12.5 OT hours a week.Yes, you must pay FICA and taxes.  Maybe you should just stay home.[/quote]

Can you dip into savings, stop all contributions to retirement and college accounts, etc?  Remember, this is short term, you’ll have time to fix it.

If not, you have three options: stay home and hope you can get your position (or a similar) back without career accomplishments and the ability to move forward, find a nanny share and understand that the nanny will do minimal personalized activities (you can’t afford a nanny who will do different curricula for each child, so your preschool daughter will need to read to you mornings, evenings and weekends, if you want to continue to her progress right now), or look for a daycare/preschool which will adequately social distance and still provide the good things inherent in group care.

This isn’t a choice we can make for you.  We understand it’s a difficult choice, as it is for so many people right now.  Just remember that this is short term, and try to pick the choice of that has the best outcome for your daughter while being something you can afford, even if stretching is necessary.[/quote]

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