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Childcare other than Daycare and Preschool
Reply to "Quick poll - annual cost of nanny"
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[quote=Anonymous]I paid about 50K per year all-in for one child til my kid turned 3 and went to a cheaper neighborhood daycare. My nanny was a 50s Hispanic woman with little English and a heart for babies and my daughter loved her. I rented out my full basement and that brought in about 18K per year. Big sacrifice on my 75K salary plus the 18K rent I received plus 8K weekend babysitting money -- all these are approximate. So I paid apprx 50% of my gross income for first 3 years. I had some savings before deciding to become a parent. I never asked my early 70s parents for money but I knew they would come through if I needed it. So yes, I am privileged in that way. Plan plan plan. [/quote]
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