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Reply to "Hiring a nanny after having a second child?"
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[quote=Anonymous]A quality nanny who will educate, socialize your children and make your life easier will not be cheaper than a day care center. With taxes, raises, bonuses, paid vacations it will cost you minimum of 40k a year for two children, but will likely cost more. You will also have to consider the added expenses of preschool, gas reimbursement, children classes, petty cash for activities and muesum memberships. If you want a nanny for convenience, than I'd recommend it. A quality nanny can offer your children similar educational experiences as a daycare (probably more because it's a smaller ratio) and find ways to socialize your child. But this comes at a cost. If you are looking for a cheaper solution than a childcare center, than home daycare is your best bet. Look into sibling discounts and other cheaper centers if cost is an issue. [/quote]
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