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Childcare other than Daycare and Preschool
Reply to "Does your nanny use her own car?"
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[quote=Anonymous]Let me break this down. Let's assume a nanny is making $75k. They are taking home approximately $63,000 per year or $5300 per month. An average 1 bedroom in the DMV is $2300. Private health insurance runs $400-800/month. Now she has $2400 left after that. But wait, she needs her own car for your job. So a car payment plus insurance plus gas is $600/month. Now she has $1800/month left for groceries, household items, necessities, utilities, phone, internet, student loans. Not to mention any unexpected expenses like car repairs. Likely zilch for savings or retirement. I'm not saying $75k per year isn't a lot for someone to be paying out of pocket for childcare- it most definitely is. I'm just saying when you are in one of the highest COL areas in the country, that covers the bare basics of living. A vast majority of nannies are living pay check to pay check and just scraping by.[/quote]
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