Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

dcmom wrote:

Anonymous wrote:Give it up. The mortgage is more imlortwbt .

Agree with this.
And I’m sorry OP. This is such a stressful time.

Got it. Just don't say you love the teachers anymore and that daycares should support the teachers because they have financial constraints as well. You guys are hypocrites! My opinion.

OP can’t afford it. If she could, she should pay. But clearly she can’t.

It’s not hypocritical. OP can’t afford it.

Good luck Finding a spot when only 20 percent of preschools are available when this ends at the end of April. You’ll wish you would have paid the discounted rate then when you can’t return to work and preschools that withstood the fallout increase their tuitions so high that people will be forced to pay and there will be no spots. Horrible advice on this site.

She doesn’t expect to have a job, so she won’t need care. It is clear that you have never had to choose which bill to pay - must be nice!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

dcmom wrote:

Anonymous wrote:Give it up. The mortgage is more imlortwbt .

Agree with this.
And I’m sorry OP. This is such a stressful time.

Got it. Just don't say you love the teachers anymore and that daycares should support the teachers because they have financial constraints as well. You guys are hypocrites! My opinion.

OP can’t afford it. If she could, she should pay. But clearly she can’t.

It’s not hypocritical. OP can’t afford it.

Good luck Finding a spot when only 20 percent of preschools are available when this ends at the end of April. You’ll wish you would have paid the discounted rate then when you can’t return to work and preschools that withstood the fallout increase their tuitions so high that people will be forced to pay and there will be no spots. Horrible advice on this site.

Anonymous wrote:

Anonymous wrote:

dcmom wrote:

Anonymous wrote:Give it up. The mortgage is more imlortwbt .

Agree with this.
And I’m sorry OP. This is such a stressful time.

Got it. Just don't say you love the teachers anymore and that daycares should support the teachers because they have financial constraints as well. You guys are hypocrites! My opinion.

OP can’t afford it. If she could, she should pay. But clearly she can’t.

It’s not hypocritical. OP can’t afford it.

Anonymous wrote:

Anonymous wrote:
Definitely withdraw.

Seriously, it’s not even a question.

This.

+ 1

Anonymous wrote:
Definitely withdraw.

Seriously, it’s not even a question.

This.

Anonymous wrote:

dcmom wrote:

Anonymous wrote:Give it up. The mortgage is more imlortwbt .

Agree with this.
And I’m sorry OP. This is such a stressful time.

Got it. Just don't say you love the teachers anymore and that daycares should support the teachers because they have financial constraints as well. You guys are hypocrites! My opinion.

OP can’t afford it. If she could, she should pay. But clearly she can’t.

Definitely withdraw.

Seriously, it’s not even a question.

What a tough call. My sympathies OP. It's a judgement call unfortunately, based on how quickly you think you and your husband can secure new employment. Are you in sectors that should recover quickly? That might help frame the decision. If you are looking at a substantial and possibly prolonged period of financial stress, then maybe not paying makes sense

Also look into the mortgage deferrments being offered. I would sign up even if you don't need it right this minute. It will help you hold on to more cash for the time being. Just make interest isn't accruing during the deferment. Not the end of the world, but not preferable

Anonymous wrote:

dcmom wrote:

Anonymous wrote:Give it up. The mortgage is more imlortwbt .

Agree with this.
And I’m sorry OP. This is such a stressful time.

Got it. Just don't say you love the teachers anymore and that daycares should support the teachers because they have financial constraints as well. You guys are hypocrites! My opinion.

DP. Let me guess - daycare provider? Honestly, get over yourself. Families that use daycare are not all super wealthy. Many are getting laid off, furloughed, or need to hire other care if their daycare is closed. Our provider has closed and temporarily laid off teachers so they can collect unemployment. We are lucky that we can currently afford to donate a full month's tuition to the teachers to supplement unemployment. But that's what it is, a donation.

OP, I would be very concerned about continuing to pay. This crisis will last a long time. Who knows if your provider can stay in business during this time. They may not open back up again. Also, what are they doing with the tuition they receive? I would guess most families will not be able to "donate" $10,000, especially if they are paying for other care or have been laid off. The center will not be able to continue paying its teachers their full salaries for sure. In that case, they might be better off with unemployment if they are eligible.

dcmom wrote:

Anonymous wrote:Give it up. The mortgage is more imlortwbt .

Agree with this.
And I’m sorry OP. This is such a stressful time.

Got it. Just don't say you love the teachers anymore and that daycares should support the teachers because they have financial constraints as well. You guys are hypocrites! My opinion.

Anonymous wrote:Give it up. The mortgage is more imlortwbt .

Agree with this.
And I’m sorry OP. This is such a stressful time.

Give it up. The mortgage is more imlortwbt .

I'm in a really similar boat right now -- Fwiw, nanny shares will be starting over the next several months, which puts me a bit at ease with the decision. Our daycare just sent out a survey, trying to figure out what they should do.

Anonymous wrote:Daycare is closed. They are offering options of full pay now with priority spot if they open for essential employees, 50% and no care but save spot for next year, or withdraw by date and no pay but no spot next year. We have 1 year left.

As it is, childcare cost is breaking us financially and it’s going up next year. My husband is currently taking a 30% paycut from his employer. I’m the prime breadwinner. I’m awaiting my lay off or furlough in the next few weeks. Maybe I’ll get lucky and keep my job, but I think most probable is furlough from April - September. If I lose my job, we will not be able to pay our mortgage.

5 months of childcare costs (w/no care) is over $10000 (or $5k at 50%) That’s a big chunk of our savings..

Would you take the gamble and withdraw? We love her daycare. She is so happy. We have identified a much cheaper option for the fall, if we give up the spot. It’s not as great..

WWYD?

Can’t give up the spot. She still has her friends and teachers she loves. The spots will not be there and you will be stuck for a longer period of time. Furthermore, you are going to a subpar preschool it sounds like. I wouldn’t do it.

Daycare is closed. They are offering options of full pay now with priority spot if they open for essential employees, 50% and no care but save spot for next year, or withdraw by date and no pay but no spot next year. We have 1 year left.

As it is, childcare cost is breaking us financially and it’s going up next year. My husband is currently taking a 30% paycut from his employer. I’m the prime breadwinner. I’m awaiting my lay off or furlough in the next few weeks. Maybe I’ll get lucky and keep my job, but I think most probable is furlough from April - September. If I lose my job, we will not be able to pay our mortgage.

5 months of childcare costs (w/no care) is over $10000 (or $5k at 50%) That’s a big chunk of our savings..

Would you take the gamble and withdraw? We love her daycare. She is so happy. We have identified a much cheaper option for the fall, if we give up the spot. It’s not as great..

WWYD?