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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]Also keep in mind that unlike daycare (which gets less expensive as your kids get older), Nannie’s get more expensive over time. What’s happened in our family is we’ve had the same wonderful nanny for years. Her starting wage was pretty low per hour, and is now much higher as our love for her and reliance on her has grown. Our life just becomes untenable when we don’t have her, and so we compensate her very well because we don’t want to lose her. This is of course ideal-we don’t want to be switching nannies all the time, but it costs money to retain someone great and you have to keep offering increases/bonuses/gifts to show that you value them. We are middle class and this expense is bigger than our mortgage and it does hurt and it has gone up substantially over the years.[/quote]
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