ipoplaya_IHB
New member
[quote author="tmare" date=1232491502]
Good to lose the nanny cost, I'm sure you're happy about that! Unfortunately, we are both teachers so we have to leave the house at 7:00 am, so the nanny will probably stay until the littlest one is in 1st grade. Not quite sure how they are going to GET to school at that time yet but we'll worry about that later. The Kindergarten we have chosen goes until 1:10 with an after school program until 3:00 at a nominal cost so we could pick him up but I'm not sure about the long day for a 5 year old. Our 3 year old will be in preschool until 12:00, so the nanny will become basically a housekeeper and a shuttle service for a few years. I swear we will have paid for more than 1 four year college tuition by the time we're done with the nanny.</blockquote>
Fortunately with our schedules, I can take care of the boys in the morning and get them to preschool/daycare and my wife can pick them up after school. Tough to both be teachers with early days... Nice to have all that time off with the family though!
I just calculated and we spend $31.5K per year, on an after-tax basis, for daycare currently. That's around $50K in salary or so gone to care providers. Next year's reduction of $1145 per month in spend on daycare is equivalent to around $350K in additional mortgage and property taxes on an after-tax basis at current rates. Amazing...
Good to lose the nanny cost, I'm sure you're happy about that! Unfortunately, we are both teachers so we have to leave the house at 7:00 am, so the nanny will probably stay until the littlest one is in 1st grade. Not quite sure how they are going to GET to school at that time yet but we'll worry about that later. The Kindergarten we have chosen goes until 1:10 with an after school program until 3:00 at a nominal cost so we could pick him up but I'm not sure about the long day for a 5 year old. Our 3 year old will be in preschool until 12:00, so the nanny will become basically a housekeeper and a shuttle service for a few years. I swear we will have paid for more than 1 four year college tuition by the time we're done with the nanny.</blockquote>
Fortunately with our schedules, I can take care of the boys in the morning and get them to preschool/daycare and my wife can pick them up after school. Tough to both be teachers with early days... Nice to have all that time off with the family though!
I just calculated and we spend $31.5K per year, on an after-tax basis, for daycare currently. That's around $50K in salary or so gone to care providers. Next year's reduction of $1145 per month in spend on daycare is equivalent to around $350K in additional mortgage and property taxes on an after-tax basis at current rates. Amazing...
