Reply to Unexpectedly laid off- what to do about childcare? Has anyone been through this?

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Reply to "Unexpectedly laid off- what to do about childcare? Has anyone been through this?"

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[quote=Anonymous][quote=Anonymous]I think you need to figure two things out first:

1) How constrained are you financially? If you have a one year emergency fund and/or easy access to other money and/or the ability to cut back dramatically in other areas like travel, that's very different than if you're immediately in a world of worrying about paying your mortgage.

2) What do you want to do? If your goal is really to get back up to full time employment (or equivalent in consulting) ASAP, that's a different answer than if you'd honestly prefer the time with your little one until August.

The only way I would keep the nanny is if you can float for at least six months without major issues AND you would prefer to get up to full time employment ASAP.

Otherwise, you're pretty much forced to let her go. But honestly, while it probably makes you sad, there's some upside to that for her. The supply/demand of nannies is such that lots of people are letting their nannies go in August/September as school is starting, but people with babies are looking for nannies year round, so nannies are at a bit of a disadvantage in the job market in the fall. Post a bunch of glowing references on your neighborhood listservs - you can help her find another family. You can tell her that you're flexible on her end date, anytime between now and X date, so she can be immediately available if a family needs her. [/quote]

Oh, and I would lean toward paying for preschool. No matter what your financial situation, you don't want to be home forever, which means you need to be working or actively and aggressively looking for work once the younger is off at school.

Also - check the fine print. If it's a "commitment" and a $1000 deposit - lets be real, you're out $1000 if you don't go, not the full amount. [/quote]

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