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Childcare other than Daycare and Preschool
Reply to "What is the total yearly cost of employing a nanny?"
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[quote=Anonymous][quote=Anonymous]I agree with the poster above who said nanny’s rate + 10% for taxes + $1500ish for payroll and workers’ comp insurance + extras like mileage reimbursement if they apply [b]My entire take-home pay goes toward paying for our nanny. We have two kids. I have my job to keep my foot in the door and keep my career alive, but in the short term, it would financially make more sense for me to not work. A nanny is definitely a luxury.[/quote][/b] This is our situation too. I am an MCPS teacher so I have great benefits and we depend on those and I cannot quit. Once we had kids my DH and I agreed I did not have to work summers any more so I would not burn out. Our nanny works half-time in the summers and she is thrilled to have that opportunity. She would prefer to be home with her kids but cannot afford it. She gets half her salary in the summer which allows us to afford to contribute that extra amount to our retirement [/quote]
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