Todays Cost Of Child Care, In A Daycare

I have no idea what the situation is as far as the OP is concerned, but what you're saying is right on target. A lot of crying but not much financial discipline. New cars, data plans and cable bills are often prioritized as necessities.


LOL..... remember when TV was free.... and the phone bill was about $20/month + long distance calls!

No internet costs.......heck..... no AC for most in the summer......

Got to go...... where's my buggy whip?

:D
 
LOL..... remember when TV was free.... and the phone bill was about $20/month + long distance calls!

No internet costs.......heck..... no AC for most in the summer......

Got to go...... where's my buggy whip?

:D

Simpler times...

Something else that was simpler is that families tended to stay in the same area more than they do today. Careers come and go pretty fast these days and more folks find themselves having to move to stay employed. Not having family around can make raising kids and other things that might otherwise be simple far more complicated.
 
Simpler times...

Something else that was simpler is that families tended to stay in the same area more than they do today. Careers come and go pretty fast these days and more folks find themselves having to move to stay employed. Not having family around can make raising kids and other things that might otherwise be simple far more complicated.

The other side of the coin, Moving back home to be closer to your aging parents and paying way more for much less.

Funny how life goes.
 
Earlier this week there was a news story ...... that daycare is as expensive as sending a kid to college.....

Add to that; your neighbors may be paying off college loans...... X2........ IIRC the average College debt is about $30,000.:D

I read the same article as BAM-BAM did regarding the cost of day care being on par with the cost of college today.

The tax laws are skewed heavily against "high income taxpayers" The maximum Federal income tax bracket is 39.6%. Add 7.65% for Social Security and Medicare. Add 6-9% more if you have a state income tax. And then there is the "phaseout" factor, the higher your income, the greater the loss of itemized deductions, exemptions, etc.

There is no way that I would ever consider operating a day care in our home, period. Children are heavily protected by our laws. If anything at all happens to that child while they are in your home, it's all over for you financially and that could include incarceration. Ask someone from Child Protective Services.
 
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My wife and I both have professional careers. Our boys are teenagers, and she works from home exclusively now. But when our boys were younger and needed watching, she was working at the office 3 days a week and one day a week at home. We looked into daycare and determined it was prohibitively expensive. So we hired a college student as a nanny. We paid her $12 an hour for a few hours every day and it was far lbeter than any daycare in SO many ways. Less expensive than taking them to a daycare, they got lots of individual attention - rather than being just one more face in the crowd, they were at home, and OUR rules applied - instead of someone else's, and WE got to hand pick who was looking after our kids. Worked out great for us. It was good for the nanny too. The hours fit her school schedule, and at $12 an hour she was making almost 50% above minimum wage at the time. She loved our kids and our kids loved her. A nearly perfect situation.
 
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financial discipline aint easy....but absolutely necessary.....and you need to hustle while your young, get an advanced education and SAVE, SAVE, SAVE.....
 
Babysitters, "daycare today", is an extremely regulated field; the local, county, state, and federal idiots in charge have so many rules and "laws" that no one could possibly understand all of them. Of course each agency wants a "fee" for their license and they all dictate every detail down to what foods you can, and cannot, provide for the little darlings!!!

I wouldn't touch that field for any thing!!!!!!!!:eek:
 
Ask them which is more important. Their children or their lifestyle?
if they so much as pause before answering.... walk away.
They got themselves into this situation, they need to get themselves out.
 
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