Nanny Share to the Recession Rescue!

By Kidglue Team on June 9th, 2009

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Childcare is usually a family’s highest expense outside of their monthly housing payment. As jobs are being lost across the country and many businesses are tightening the belts around their budgets, it is a time to be creative with your ideal childcare situation and look for ways to trim the cost of this tremendous expense. Most families prefer family help, a nanny, or daycare for their children. While I think it is great to receive help from families, those of us who live miles away from Grandma may find we are only able to use that help during summer visits and holidays. Nannies are awesome, and if you find the right nanny she/he can be a great addition to the family, but there is no doubt about it. Nannies are expensive.

Nannies on average make $30,000 per year in New York City, with some nannies reaching $60,000 per year. This can be an extremely high bill to pay in a tumultuous economy. Daycare offers substantial savings, but for parents of younger children, this can be a less comfortable option. What do you do if you want the personal attention of a nanny, but also need your childcare to be affordable? Share your nanny! While this is something that you can arrange on your own, there are also companies that do this for you and offer many amazing perks along with it. See the NY City Explorers Nanny Share Program for details. I should also add, that while sharing a nanny is extremely cost effective, it is like being married to another family. Choose your nanny share wisely, and ask a gazillion questions before Day One.

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