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Reply to "Is it cheaper to have a nanny for 2 kids than daycare?"
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[quote=Anonymous]It can be. I do know people who have nannies for 40-45 hours a week and are paying around $600-$650 a week. This limits your pool of applicants but their nannies are very nice, reliable and good. We switched to a nanny when #2 was born. Daycare would have been ~$800+ per week for 2 and we were paying $100 a week for once a week housekeeping. This would have been $46,800 per year. We hired a nanny/housekeeper for $700 a week and dropped the housekeeping services. You need to factor in an extra 10% for taxes and incidentals which made the annual expense 40K. It was $6800 cheaper to go with a nanny. Our nanny was amazing and well qualified. It also was much better having someone do a little cleaning every day rather than the once a week cleaning too. We did opt for a more expensive preschool because it happened to be the one that we really liked. We had really expensive year when the oldest was in half day preschool and we had a full time nanny. When our youngest turned 3, we switched to 5 day 9-3 preschool for both kids and 2 hours of aftercare. This was 32K a year plus going back to the $100 a week housekeeping services so a total of 37K a year. [/quote]
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