Employers - what percentage of your take-home salary goes to Nanny?

[Anonymous]

Anonymous wrote:

Anonymous wrote:My DB was complaining about a month ago on how "all of his money goes to me, his sons nanny." Turns out he was right- to a degree. He invests 50% of his check and after he pays me he has $200 a week left. He told me this and then asked if I would work 24/7 but only get paid for 45hrs a week.

Your post makes no sense as who pays the mortgage and other bills.

His husband

[Anonymous]

Same boat. 20 percent of out HHI. Frankly after paying my income taxes, social security taxes, FERS deduction, health insurance, parking fees at the office, gas, I come out ahead something like only $500 a month. I earn 80k but most of my salary poof disappears. I am still doing it because my federal job will be for 2 plus decades and childcare costs temporary for a few years.

[Anonymous]

Anonymous wrote:OP here. Appreciate the feedback. Comforting to know others are in similar situations. It's just difficult to swallow that we won't be saving much, if anything, over the couple of years.

I understand completely, OP. However it for such a short time and the benefits to your child will last a lifetime. I agree with the PP who spoke of brain synapses. The most important thing you can do for your child is to narrate for him/her, speak, sing and read. Make sure the nanny knows this is what you expect.

[Anonymous]

I make just over 100k (dh makes the same) and we spend $3k a month on the nanny including some but not all employer taxes. I take home about 5100 (biweekly) after 401k and health insurance etc. so there's money left but certainly not enough for the mortgage and bills. We made a decision to have a nanny for 2.5-3 years. For health reasons (we have complications) and to give dd my language since nanny is a native speaker. It's been great and worth every penny. But I interviewed a lot of nannies and found a great fit. No drop off or pickup, hommrmade food from my country, naps on baby's schedule and 2-3 colds in 16 months of my kids life and no other illnesses were worth it. Not to mention all the reading, singing, multiple walks to parks a day etc.

[Anonymous]

Close to 30% of our HHI for a nanny share. But daycare is about the same price (just a tad less) and we love our nanny.

[Anonymous]

We bring home about $250K post-tax and nanny is about $75K, so 20%. We're on year three and every year we say we're going to choose a cheaper option but luckily every year we've been making more and can keep going with it. Not sure how long you're considering doing a nanny, but in the beginning it was only slightly more than daycare (we have twins, so two infants was expensive), but now as they're older but we've given her raises, the difference between the two is getting to be much greater. It's hard to give it up if you have a great one, but it's so worth it if you can swing it.

[Anonymous]

We take home about $150K after taxes and the nanny is about $60K a year, so about 40%. The only thing that makes it feasible is that DH's income will jump about $60K after taxes next year, so we'll be down to more like 30%.

[Anonymous]

Wow.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So, basically the nanny salary would be one of your incomes. It might make sense if you are in a career field you can easily go back to, to take a few years off and go back. Or, suck it up short term to keep your job and career. Its probably common that a large portion of one salary go to child care.

No, it would be half of my net income - or his, we make the same. So 25% of our household net income. That might not have been clear in my original post. Otherwise, yes, we definitely would be considering having one of us stay at home. DH wants nothing more than to be a stay at home dad, actually. Someday.

Dont do it!!! It anything ever went wrong in the marriage and you had to split he can legally get spousal support from you to maintain his lifestyle.

[Anonymous]

Of course it's supposed to be one of your biggest costs it's care for your kids. If you don't want to spend for top quality child care than stay home and raise them.

[Anonymous]

Anonymous wrote:Of course it's supposed to be one of your biggest costs it's care for your kids. If you don't want to spend for top quality child care than stay home and raise them.

A nanny is not "raising" the children - in most cases they are there long enough for the parents to work 40 hrs a week and you might notice that is less than 2 full days of a week....even if you are also there long enough for them to get to and from work. The nice thing is knowing these nannies will someday possibly have a child of their own and then actually put raising a child in proper perspective.

[Anonymous]

If I worked full time, our HH take home income would be about $90k. a Full time nanny would cost about $40k. I chose to work part time instead and opposite of DH's schedule. Saves us the $40k, I can be home with DC all days and working part time is kind of a break from home and not really work.

[Anonymous]

We "take home" 50% of our income, but this is after automatic deductions to retirement and 529 and various insurances.

Of our net, we pay the nanny 16% . We have a loe mortgage.

[Anonymous]

We make about $250k after taxes and with all costs nanny is about $50k, so 20% or so.