Tuesday, April 28, 2009
That Makes Cents: Childcare
Childcare can be costly, as most parents know, but there are some simple things you can do to cut down on those costs. Seven's Craig Stevens shows us why That Makes Cents.
WSVN -- Quality childcare can be pricey.
Sheila Marcelo: "On average, families can pay a range of $4,000 to $14,000 a year."
But there are ways to save. One idea is a babysitter co-op.
Sheila Marcelo: "You can get together with a group of families and take turns watching each others' kids."
Babysitters cost about $15 an hour, so you could save up to $75 for a night out. Also, try nanny sharing. Paying only half her salary can save you big. Finally, check out city resources.
Sheila Marcelo: "If there's subsidized care or if public schools are available for younger kids at an earlier age."
And look for daycare discounts.
Sheila Marcelo: "They might come up with some flexible options for you, whether that's payment plans or cutting back your hours."
Some parents save 20 percent or more just by using one less day. Now that makes cents.
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