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[quote=nannydebsays][quote=Anonymous]My husband and I are at the begninning stages of looking for childcare.  We're thinking about starting a nanny share and are hoping this would mean saving a little money.  Please weigh in on whether we're way off base with pay or not.  We are in the Landmark area of Alexandria.

[u]Here are the expectations:[/u]
-Care for two children under 1 yr. old (Full-time, 50 hrs/week, paid Fed holidays off, summers off unpaid)
-Light child-related housekeeping

Pay: Total of $400/week -$1600/month-  ($200/weekly per family)

Do we stand any chance of finding a great nanny at this level of pay? [/quote]

You will never find anyone decent for less than minimum wage. If slightly less than $200/week is your max budget, I am not sure what to tell you. In my area, you could find a good family style daycare for that, but you would not find a decent daycare facility and you cannot afford an Au Pair.

Perhaps your best bet is to seek out a SAHM who is interested in doing childcare for grocery money, and trim the hours substantially. You could also try to bargain trading weekend care for the SAHM for some of the cost of your needs.

Rock bottom cost for a nanny share with a nanny who might stay with you and not leave ASAP for better pay and less hassle is $16/hour ($8/hour per family) plus overtime. Since you will be letting nanny go every summer, you will likely need to find a new nanny each fall.

Your lowest cost possible would be $8/hour for 50 hours per week, 10 hours of OT = $440/week PER FAMILY, plus all employer taxes and expenses will add about 10% to that cost. And there is no chance of much "light housekeeping" other than basic child items being dealt with. No laundry, no vacuuming, nothing but bottles and dishes.

In all sincerity, if you can only afford to pay $10,000 or less for childcare, you might want to see if you can afford to SAH. Or you could try to find a job share for yourself and another new mom, and take turns working in the office and working at home caring for both babies.[/quote]

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