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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here - so I guess I'm confused about pricing? If I end up paying a nanny 4,500 a month (pre-tax) for three kids: almost 4, 2 and a newborn it'll be $1,500 each. But if I offered $3k for two everyone says it's way low? [/quote]

Day care pricing is per child, and that doesn't translate well to nanny care costs, which are based on hourly pay.

45 hour weeks = 47.5 hours of pay per week x 52 = 2470 hours worked a year.
4500 per month = 54K a year. Minus your employer expenses that's 48K gross a year. 
48000/2470 = 19.43/hour straight time, 29.15/hour OT.

OTOH, take the same hours but offer 36K per year, 32K gross after employer costs.
32000/2470 = 12.96/hour straight time, 19.44/hour OT.

OP, if you have to keep your oldest in the expensive preschool, you will limit your choice of nannies because few independent workers can live on 32K a year. If you can move to a more moderately priced preschool, and offer more money to a nanny, you might find you get more potential candidates. If the 18K for preschool is non-negotiable, you might be better off choosing daycare or preschool for your 2 younger kids as well.[/quote]

OT takes up a lot of that budget OP. If you can try to avoid that through adjusted schedules or hiring a really part time nanny for a few hours you can save a lot of money. Because honestly paying a normally $12 an hour nanny almost $20 for OT is pretty dumb. It's not like she's suddenly a better worker.[/quote]

Overtime is the law, PP.  Like it or not.  And not just for nannies.

OP - my advice is to look into less expensive daycares or daycares that offer reduced rates for multiple children.  Quality childcare is expensive and not feasible for all families.  [/quote]

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