Anonymous wrote:I was extremely unexpectedly (as in I truly thought I'd be at my job for 20 more years until retirement) laid off and I'm just so lost on what to do about my nanny and upcoming preschool. Our Nanny has been with us since my oldest was 3 months old so 5.5 years. We were planning on ending with her in August when my youngest goes to full time PreK (which nanny knows). We just lost 45% of our HHI and she is definitely our biggest expense, more than our mortgage. It seems like the job search market is bleak right now for my industry. I am going to apply to jobs, but have a feeling I will pivot into consulting on my own.
Do I keep my nanny on and eat into our savings?
Let her go and stay home with my little one and slowly job search or build up consulting clients during nap time/early mornings/evenings? Part of me has a pang that this is an opportunity for some time dedicated to my last baby before the kids are both in FT school next year. Staying at home does not appeal to me long term as I get so much personal fulfillment from working and isn't ideal for our finances, but maybe it would be a mental reset and quality time for short term?
I also have to register for prek on Jan 28 for August and it always fills up that day. I'm stressed about committing to a year of full time PreK tuition when I don't have a job or know what my schedule with look like next school year.
Has anyone been through this and what did you do?
If the pre-k is that in demand, there must be a waiting list? So you can back out if you find out it won't work for you, because they'll have other families waiting in the wings?