Reply to Quick poll - annual cost of nanny

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Reply to "Quick poll - annual cost of nanny"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How much are you people making to pay 72k after tax income to an employee? It means you would have to make at least 140k just to break even and afford nanny, and at least 200k to make the extra income worth it (assuming you work just for the money)? So approx 200k income for the parent who would otherwise be caregiver seems to be the minimum income to have a nanny make sense? [/quote]

Two working parents and prioritizing childcare.  Our nanny basically earns my salary but she has a skill set we don’t have (preschool teacher and ECE degree) and I love my work.  Two children.  [/quote]

It's not JUST prioritizing childcare though. We make 60k and 95k. After taxes, health insurance, and retirement savings, our $1250 mortgage, bills, and groceries, we literally do not have the money to pay someone this much. I guess maybe we could swing it if we completely stopped saving anything and paid on the lower end, but our retirement savings would be post tax and day care is about 15k, so still we wouldn't wind up with 70k+.

My point is just it's a little ridiculous to say the salary amount doesn't matter, it's all about priorities,  because math is real. Many working adults do not have enough income to pay a full time household employee. Doesn't mean they wouldn't prefer not to have to rush their kids out the door in the morning! Money really does make things easier and more pleasant! It's ok to admit.[/quote]

NP here.  We had a nanny before we had a mortgage and DH was finishing his doctorate.  It is prioritizing to some extent for some parents.  We paid her largely from savings.  [/quote]

The average American doesn’t have savings and 64% live paycheck to paycheck. You have to make a certain salary for it to be an option and if you don’t realize that, you are pretty out of touch with reality. [/quote]

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