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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Team, Daycare is not an option, I need more individualized attention for my child. Having a Nanny/BabySitter is the right fit for most parents. The prices just need to match.[/quote] Dear Poster, What I'm reading is that you want and need a nanny, but you resent having to pay market rate for a nanny, either because you actually can only afford daycare, or because you believe nannies aren't worth very much money becaus their jobs are easy. The issue is that you want individualized attention. That costs money. If your child has special needs, that costs even more money. Anyone who employs a nanny needs to understand a very basic fact: You must pay an actual living wage that allows the nanny to live in a safe neighborhood, pay all her bills, and live comfortably. No, not extravagantly, comfortably. A wage that makes her able to purchase all she needs and some things she wants. Try this little exercise: 1) Determine your childcare budget. 2) Do some research and find out the following information: a) What is the monthly NET wage you can afford to pay? b) What does it cost to rent a 2B/2b apartment within 30 rush hour minutes distance of your home? c) What does the average apartment described above cost for all utilities, including cable and internet? d) How much is insurance for a renter with a car, and how much does health insurance cost per year? e) If you were single, how much would you spend on groceries, medical needs, self-care, clothing, gas and car maintenance, occasional meals out, and one decent vacation a year, plus saving 5-10% of your net income toward retirement and a few minor indulgences every year? 3) Add up all the expenses in #2 and add 10% for things you overlooked. Is that dollar amount slightly less than your yearly childcare budget plus 30% to cover the actual GROSS wages plus your employer costs? 4) If the answer to #3 is yes, then you can probably afford to support a 3rd adult off of your HHI. Congratulations, you should look for a nanny! 5) If the answer to #3 is no, then you cannot afford a nanny. Look for daycare openings near you. No one has the right to demand nanny care when all they can afford is daycare. Let me say it a different way...A nanny is not obligated in any way to give you a childcare discount that makes HER financial life difficult or impossible. Lose your privileged attitude and be realistic about your finances. [/quote] Poster: Making 15.00 an hour IS a living wage, albeit not a comfortable one! You are correct I do expect a Nanny at a Fair Market Price. I am judging fair market price by the countless jobs that pay 13.00 (which is minimum wage now) that is literate. [/quote] Feel free to seek a nanny among those minimum wage earners. If you get really lucky you may get find someone who likes kids, is literate, and is capable of following your daily explicit directions. If you're not lucky, your kid will watch TV all day, eat mostly junk food, and get smacked if they want any attention. If your luck really sucks, you'll get a call from the cops that your kid was found wandering the streets or that your kid is dead. [/quote]
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