The costs of childcare depends on several factors including where you live, the types of childcare services you need, and the amount of hours you require childcare services for. With the right amount of planning, the costs of these services can be significantly reduced.
High Costs of Childcare
According to the National Association of Child Care Resource & Referral Agencies (NACCRRA) the cost of center-based day care in the US sits in the range of $3,582 to $18,773 per year. The average cost of such services is $11,666 per year. An au pair costs between $4,320 and $19,800 per year. The average cost of an au pair is around $18,500 per year.
Planning Ahead for Childcare
You can find the right au pair in the USA, using online resources. This way, you are better able to understand the different types of options you may have available to you. With a greater variety of options, you have a better chance of choosing a childcare service that is suitable for you financially.
The food needs of an au pair will need to be considered when budgeting. They will require food that meets their dietary requirements. Households must ensure that they do not spend money on food that does not get eaten. In order to avoid wasting money on food, it is advisable to merge the eating habits of an au pair with that of the family.
A contingency fund helps when unexpected expenses arise. You can transfer a fixed amount of money to your fund. A provision for 50% of additional expenses should be made before the birth of a child.
A budget needs to set to guide the financial decisions in relation to childcare. Costs of childcare can increase significantly overtime. A budget helps to prepare a household for both expected and unexpected childcare costs. With a budget, you can have a better idea of the options you have.
It helps to reduce your debts in order to reduce the pressure of childcare expenses. With a documented plan to reduce debt, one can more easily afford childcare services. One of the best ways to reduce debts is to take active steps to reduce the use of credit cards.
There are different costs by members of the household that may not need to be accrued. An extra car, for example, can be sold in order to reduce monthly costs. Changes may also be made to your home to reduce utility bills.
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