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Reply to "Can someone explain to me how a live-in nanny situation works?"
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[quote=Anonymous]Well, you can pay the nanny for instance $15/hr. If she works 35 hrs a week that $525 a week and $2100 a month. Seeing as some rent here is $2000/month. You should probably set her Net pay to be one amount and then subtract one weeks pay per month So in my example pay less $525 a month. So per month she would earn $1575. Still enough to save, pay for things she wants etc. but enough that you wont be out a lot of money that you could have otherwise rented the apt for. [/quote]
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