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$6580

January 26th, 2008 at 12:15 am

That's how much I spent in daycare last year.

OUCH!

Could you imagine if I could deposit that money into a savings account, with what's left of "decent" interest ... and add the $540 a month I am currently paying.

With compounded interest, from now until she's 5 ... that would be a pretty penny.

Thank goodness I LOVE my little girl and her daycare, b/c it hurts a little to think of how much money it is.

Today was a zero dollar day ... WOOT. I have one or two more days of planned spending this month, but I am aiming for zero dollars for most of this coming week.

Posted in Julie, Budget | 6 Comments »

6 Responses to “$6580”

  1. PauletteGoddard Says:
    January 26th, 2008 at 12:16 am 1201306597
    1201306597

    I understand. I've recently emerged from over five years of paying in excess of $900 per month in daycare. There is light at the end of the tunnel.

  2. mom-from-missouri Says:
    January 26th, 2008 at 12:51 am 1201308707
    1201308707

    Did you have a daycare account for this so it was pretax money??

    Seems like a lot, but when you are the provider of the childcare, its not. Childcare workers don't make that much at all. Centers have overhead, and home ones also have fees and increased insurance rates and such.

  3. Amber Says:
    January 26th, 2008 at 01:59 am 1201312766
    1201312766

    Wow, I am glad you like your day care. It is definately hard to find a good one. My mom ended up babysitting for a couple who she cleaned for and that kid is now 13 and she loves my mom to death. When she was about 6 she wrote about her hero, who was my mom. Just hope that when I decide to have kids my mom will be around

  4. Amanda Says:
    January 26th, 2008 at 02:11 am 1201313461
    1201313461

    mom-from-missouri - Nope, no daycare account. My job doesn't offer any of these accounts ... which double hurts.

    I got my daycare balance sheet thing ... whatever it's called so I have proof of what I paid this year for my rebate on taxes.

  5. tripods68 Says:
    January 26th, 2008 at 05:29 am 1201325350
    1201325350

    We are pretty lucky that we don't use day care at all for our two young toddlers. I agreed to work during the week and she work on weekends. My parents helps us on Monday when we are both working. All that, we are still able to spend quality time every night. Otherwise, we would have to spend close to $14K per year on day care. YIKES!


  6. monkeymama Says:
    January 26th, 2008 at 07:19 pm 1201375173
    1201375173

    YEs, we will spend almost $7600 in the 12 months we have 2 in. Of course they only go 2 days a week and this is cheap for the area. (No tax benefits since spouse doesn't work. Doesn't mean the kids don't need some schooling and we don't need a break!!!)

    IT is a lot.

    I guess I am replying to say be glad you don't live in California. LOL. (We could never fathom putting 2 in full-time, even with 2 wages).

    But the good is it is a rather temporary expense. You can vow to put that money to savings when she outgrows it, and that could be a pretty good plan. Around here there are also a lot of cheaper plans/public options for 3 and 4yos. IT was like $1k/month for infancy and there are pretty decent $600/month options for 3yos (particularly potty trained ones). Just didn't know if you had other options as she ages. Though if you are HAPPY it is probably well worth the money.

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