Todays Cost Of Child Care, In A Daycare

SW MP15

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I was talking to neighbor yesterday and him and his wife make real good money. I mean Really good money. They have two pre school kids and one in the second grade. And she goes to a before and after school daycare.

He said they are struggling and don't know what to do. They need both incomes to survive. But basically the wife is just working to pay for DayCare. And by the time they pay for a car for her, the insurance, the gas, the business type clothing she needs for work, they are losing money each month, by her having a job.

I told him that maybe she should quit work and keep two or three kids at home? He said now with the regulations and extra insurance, it wouldn't be profitable unless you kept 5 or 6 children? And then you'd have to hire help? Or work out something with a parent to let them keep they're children there and barter the employment. And then your back to square one. Making NO money. He said they have already penciled it and it's a catch 22? I told him to look into her doing computer work from home? But I'm sure they've thought about it already?

And now I understand why allot of people want to work from home, doing data entry or medical billing! And can raise their kids with little to no outside help. It makes sense.

We were very lucky back in the day, my niece keep our 2 (now in their late 30's) for $30 a week (that seemed like allot of money to us back in the 80's) and when they got older, wifey set up her work schedule to coincide with their school schedule. No more daycare.

And when we started raising our Grandson when he was 1 1/2. I owned a car lot and worked for myself for years. And I took him with me everyday. I just set up a mini daycare camp in the corner of my large office and he loved being with me daily. He even had a child's tent for his daily naps and tons of toys. And If I had to go out on business, I either took him with me or my Secutary would watch him, while I attended auctions. He still calls her his aunt and they're still very close till today. And when he started school, I took him and picked him everyday and he'd then hang out with me till closing. It always seemed to work.

I didn't ask my neighbor how much it cost them for daycare. But they are stressing over it and he said it's went up twice (major increases) in the last few years. And they have to supply and keep a stock pile and keep stocked the diapers and special daily snacks. I told him to look into a Church daycare, but I don't hear of that much anymore? But I bet they've already weighed all their options? They're well educated people.

My mother was a stay at home mom. And raised 4 kids. I know that's almost impossible today with the high costs of everything. But very few moms worked in our neighborhood, back then.

I don't see how anyone can afford children, now days? I really don't!

I know that most of us on here are probably in their 50's and older. But I bet it still affects us. We all probably have grandchildren or great grandkids and watch as our kids or even grandkids struggle with daycare costs. It a shame!
 
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We're pretty much taking care of our 8 yr old grand daughter & have since she was about 1 yr old. Thankfully we've never needed day care, but the problems you cited are happening all across our nation, not in just your area.
 
It can be done, easily actually. Now if you WANT everything and GET everything, then no, it's not easy.

People don't need two $50,000 vehicles, a television in every room, $600 cell phones, $300 cable bills etc etc.

Sounds like the neighbor's priorities are a bit askew.
 
There are ways to get around that problem,but I've mostly just seen people living up to or even beyond their income.I was floored when a friend explained to me how her sister,husband and 4 kids manage to go through a million dollar annual income every year.They live in NYC,but still [emoji33]
 
The love of money and having nice things will make you put work before anything else. Daycare expenses are ridiculous these days. I know some people in similar situations where both spouses work full time and one (usually the woman) will take out 50-60% of their paycheck every week just for that alone.

Children will only be children for a time. There will come a day when they will not need to be watched over or supervised by an adult. If it were my family I'd want my wife to raise my children. That's why I would've married her. And I'd man up and work my rear off to make sure our needs were met.
 
Ed McMahon, on how to go bankrupt while making $8million/year.
Ed McMahon: Well, if you spend more money than you make, you know what happens. And it can happen. You know, a couple of divorces thrown in, a few things like that. And, you know, things happen.
 
But basically the wife is just working to pay for DayCare. And by the time they pay for a car for her, the insurance, the gas, the business type clothing she needs for work, they are losing money each month, by her having a job.

We figured that out when our older daughter was a baby.
We were having trouble finding a reliable, full-time babysitter. At the same time, Mrs. Hillbilly's job was stressing her out.

We sat down over a weekend and wrote down all of our finances and bills, etc.
At the end of it, we figured out that Mrs. Hillbilly was working all week to net $10.00. After paying a babysitter, the cost of fuel, etc., she made a lousy $10.00 a week.

To us, the solution was simple. We figured that if we couldn't do without her $40.00 per month, we were doomed anyway.
She quit her job and has been a stay-at-home mom ever since. :cool:
 
The news reported on daycare cost yesterday.
They said the average daycare cost per year is $9583. They also said that the $9583 is higher than the average college tuition per year. They did not mention whether that was for one or more kids. Ten thousand dollars off the top is a very large number.
 
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I'm a full time PaPa for my 2 year old Granddaughter, Her Mom and my Wife both teach special needs kids.
Oct 3rd I have an appointment at The VA, That is 40 miles away for another Audio test to replace hearing aids....
So I will put Staysa in a Day care for the day, Cost is $40, She will get to play with other kids, And I get to ride my HD to the appointment....
VA pays me $33 travel pay, So I'll be out $7.
 
It's a very sad deal, in today's economy most young married folks have to have two incomes to make ends meet. Then add in the peer pressure, placed on women, who chose not to work OUT OF THE HOUSE, it can become a no win deal. Child rearing is the most important job any of can ever have, yet to many feel that they have no choice but to have a third party do much of the job for them.
 
In years to come it may turn out; the monetary cost of non-parental day care, is the least worrisome part of the kind of adults it produces.

I am hard-pressed to generate much compassion for those who "make real good money", but never have any.
It is so simple. Live within your means and quit trying to possess every "gee-gaw" you come across.
 
You nailed it!

We figured that out when our older daughter was a baby.
We were having trouble finding a reliable, full-time babysitter. At the same time, Mrs. Hillbilly's job was stressing her out.

We sat down over a weekend and wrote down all of our finances and bills, etc.
At the end of it, we figured out that Mrs. Hillbilly was working all week to net $10.00. After paying a babysitter, the cost of fuel, etc., she made a lousy $10.00 a week.

To us, the solution was simple. We figured that if we couldn't do without her $40.00 per month, we were doomed anyway.
She quit her job and has been a stay-at-home mom ever since. :cool:

That's exactly what he was saying. And I totally agree with y'all about people living above their means.

When me and wifey got married we rented a elderly ladies Guest House and it was $150 a month plus utilities. We didn't live in or want a $350,000 home. We would have loved it, But we knew what we could afford. Then our kids came along and we lived there till they were about 7 or 8? And sometimes the $150 was hard for us. Because the light bill in the winter would be $200 a month because it was a badly insulated home. And raising two small kids, we struggled. But we did what we could do. We did have two cars. A old Olds Cutlass we paid cash for and a AMC gremlin a Freind at work gave me. I replaced the gas tank with a used one and drove it everyday. We had a old console TV, no cable just rabbet ears that my mother gave us and used furniture that was also given to us and we bought at thrift stores. We had fun thrift store diving!

But people now a days wasn't raised like that. And won't live like that. They'd rather live with a parent than to do what me and wifey did.

Wifey asked my now 36 year old son one day, where he enjoyed living the most. Thinking he'd say where we lived in a Very Very Nice Neighborhood when they were teenagers? Figuring he had forgotten all about the rental house. He looked her in the eyes said the old rental house. She broke down and cried! He was serious, because it was care free and it was easy going and simple. And we didn't have nothing, but the kids enjoyed just being kids! We always had to put they're Christmas on layaway and paid $15 every two weeks. We didn't have 5 credit cards, like everyone does now.

Times have changed! All our (5) vehicles are paid for. I have NOT had a car payment since 1984. We do have 2-3 credit cards for emergencies. 98% of everything I buy is paid for in cash! I hate owing anybody or for anything! Our house is paid that we bought 9 years ago and is worth almost double what we paid for it (zillowed on Monday for $385,000) because of Nashvilles housing boom. We worked hard and DID NOT ever live above our means! We still don't. We have a modest savings account. And we don't have to struggle anymore! And Thanks to wifey, she pays our bills in advance. Everything is always ahead. I think she still thinks back when we struggled so hard when our kids were very very little. And the electricity would get cut off about every 4 months from being behind at the rental house. I cooked dried beans and fried potatoes and cornbread, Almost nightly, That's all we could afford during the week, but I'd always cook a good meal every Sunday. Usally fryed chicken or meatloaf. It was cheap.

I'm glad our neighbors are in their early 30's and have a $350,000 home. Two new cars (probably leased?) and and a real nice new boat. And a big screen TV, as big as most walls. I'm happy for them. I Really Am!

But unlike us, nothing is probably paid for and probably never will be? Lord forbid that one of them gets sick or injured and can't work for a month. They'd possibly lose it all! But that's today's society.

And I'm glad they'll never know the struggles me and wifey went through when we they're age. Because mentally, I'm not sure if they can or could handle it! I know I barely did!

Grandson asked me this morning, he said he wants a new pair of Air Jordan's 12 OVO's that come out on Oct 1st. I just looked them up, retail is $225. I told him that since his report card was so good this last time I'd see, and he knows I'll somehow get em for him. But that would have been both of our kids yearly clothing allowance for a whole year maybe a year and half, when they were growing up! Damn, how times have changed!!
 
In today's real world, it might make sense for couples to pencil
out the cost of having a kid and the associated expenses before
deciding to have any. Dogs are cheaper! :D
 
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In today's real world, it might make sense for couples to pencil
in the cost of having a kid and the associated expenses before
deciding to have any. Dogs are cheaper! :D

I'm not so sure about that, I worked with a guy who's wife was a dog walker, they lived in the Boston area, she made good money walking dog's.
 
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.

Parking in the Burgh......... $350 to $500/month......


We did the math after our first was born in 1997.... my wife has an MBA .... management jobs are not 9-5...... more like 7am to 6pm + meetings and travel....

IIRC ..... she would have ended up netting close to the minimum hourly wage X40...... with a 50-60 hour week...............

Figured the divorce....... would have been in about 2000......"Y-2-Bye!!" :D
 
I'm not so sure about that, I worked with a guy who's wife was a dog walker, they lived in the Boston area, she made good money walking dog's.

No overhead, work from home....... paid in cash!

That works...................


Someone else posted about a seven figure income in NY/NY........ I think the rule of thumb is; Federal State and local taxes = 55-60% of income......... and it's a very expensive place to live.........Comparable housing costs are about 5-6 time that in "the Burgh"
 
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It can be done, easily actually. Now if you WANT everything and GET everything, then no, it's not easy.

People don't need two $50,000 vehicles, a television in every room, $600 cell phones, $300 cable bills etc etc.

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.
 

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