Hellobee Boards Topic: How much of a raise will you get when your kids are all out of daycare?

Hellobee Boards Topic: How much of a raise will you get when your kids are all out of daycare? https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Sat, 02 May 2026 15:25:05 +0000 Coral on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734632 Thu, 11 May 2017 13:53:35 +0000 Coral 2734632@https://boards.hellobee.com/ We will get a 6,600 with one kid and 13,200 for 2 (we don't have a second yet.) petitenoisette on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734488 Thu, 11 May 2017 11:33:10 +0000 petitenoisette 2734488@https://boards.hellobee.com/ We'll go from hopefully a max of $2200 a month for two kids in daycare 3 days a week (my parents do other two days) to my guess is $600 a month in before-school care. This is years away so I have no clue really on that price. But basically our plan is whatever is saved will go straight to increasing 529 contributions. We do not plan for our kids to do tons of activities or organized sports at a young age so I certainly hope that will not be anywhere near the equivalent of daycare costs. PurplePeony on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734472 Thu, 11 May 2017 11:20:12 +0000 PurplePeony 2734472@https://boards.hellobee.com/ Right now, we pay $1550/month. That will go down a bit when DD moves into the pre-K room, I imagine we'll be paying about $1450/month at that point. DH and I will probably try to arrange our schedules so we won't need before- or aftercare, but we'll need to do something in the summer and she'll have music lessons and probably some other activities. So I'd estimate that the overall cost will be about halved. catlady on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734471 Thu, 11 May 2017 11:19:55 +0000 catlady 2734471@https://boards.hellobee.com/ I don't even like to think about this. We have 2 in daycare and it's 50k per year right now. It will go down by close to half in 1.5 years (LO1 will start K and LO2 will be in the toddler room instead of infant), although I don't know how much aftercare and summer camps will cost, so not sure how much we will end up seeing. lamariniere on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734469 Thu, 11 May 2017 11:18:56 +0000 lamariniere 2734469@https://boards.hellobee.com/ When our oldest went to school, we got a raise of €200/month (but daycare is cheap here and we don't pay much at all for private school). So far, he doesn't do any expensive activities and we don't have aftercare. We will pay for daycare this summer though. Freckles on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734460 Thu, 11 May 2017 11:10:13 +0000 Freckles 2734460@https://boards.hellobee.com/ Unless both of our kids are doing elite competitive sports requiring year-round special camps, there is no way it'll be the same as what we are paying for daycare/preschool. I know hockey is super expensive but that's only at the competitive level. We won't need out of school care, and even if we were to put them in expensive camps, and factor in tax credits and child care allowance we would no longer get, we would still be ahead $1500/month. teawithpaloma on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734459 Thu, 11 May 2017 11:09:18 +0000 teawithpaloma 2734459@https://boards.hellobee.com/ This is interesting. I figured we would go from paying $23,460 for daycare to about $10,000 for after care and camp for two kids. But I just checked the figures today and it was $6,548 for the after-school and camp with the company the town contracts with for two kids. Now that will go up and I could end up doing something differently entirely but that is $1400 a month in freed up money. I would think $400 of that would go to big kid costs (more food, more expensive activities) and the rest would go to fully funding our retirement or increasing college savings. looch on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734450 Thu, 11 May 2017 10:59:36 +0000 looch 2734450@https://boards.hellobee.com/ @Truth Bombs: @LBee: The only reason why we see a net positive is because we don't have to 1) look for full time care for summer camp, 2)we don't have to consider before/after care during the school year and 3) the school day is already too long for my son and he's got no interest in after school activities right now. This may not always be the case, though, and whatever we're not spending now, we're just saving for that eventuality. Adira on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734446 Thu, 11 May 2017 10:57:13 +0000 Adira 2734446@https://boards.hellobee.com/ @Truth Bombs: Yes, any savings we get from not being in daycare will be going into the 529 plans! So we won't really see it. yoursilverlining on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734443 Thu, 11 May 2017 10:54:47 +0000 yoursilverlining 2734443@https://boards.hellobee.com/ On paper, it looks like we should save about $8k a year or a little under $700/month. I doubt it will really shake out that neatly. LBee on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734441 Thu, 11 May 2017 10:54:32 +0000 LBee 2734441@https://boards.hellobee.com/ @truth bombs: This. Even if my cash flow improves with my child going to school, I won't see any kind of "raise" personally. Any excess funds will be redirected toward saving for his education. I have multiple clients (and friends) that have gone through this, though, and even when spending $1,200+ month on daycare they usually say that after summer camps (which rarely provide full coverage), more time for vacations, etc, that they see little to no change. Truth Bombs on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734434 Thu, 11 May 2017 10:48:43 +0000 Truth Bombs 2734434@https://boards.hellobee.com/ I think most parents of older children will tell you there's really not a big change in cash flow when your kids are out of day care. Summer camps are crazy expensive, and before and after care adds up, and older kids have activities and sports and all kinds of expenses that younger kids don't have. If we did end up feeling some positive cash flow, we'd just increase what we're saving for the kids' future. littlejoy on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734428 Thu, 11 May 2017 10:45:15 +0000 littlejoy 2734428@https://boards.hellobee.com/ We pay $12,000 per year (for one kid) ... It'll be 6+ years until we're done paying for childcare though. :crying: kiddosc on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734425 Thu, 11 May 2017 10:43:02 +0000 kiddosc 2734425@https://boards.hellobee.com/ Almost $20,000 E starts K in the fall and we will flex our schedules not to need before/after care. He'll go to the summer program at the daycare he attends now most likely, but even accounting for those costs we'll still get a $7500 raise next year. A is only one, but when she starts K, her care costs will be $12500 less than what we pay for her now. Mrs D on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734374 Thu, 11 May 2017 09:57:42 +0000 Mrs D 2734374@https://boards.hellobee.com/ Amazing to think about this... Fall 2018 (DD1 to kindergarten) - we'll get about a $400 raise/month ($1000 less per month, offset by $600 in PM Nanny). Fall 2020 (DD2 to kindergarten) - we'll get a $1000 raise...since we'll already have the PM Nanny. :) Amazingly Summer 2020 is when DH will also pay off the last of his student loans...so thats another $1700 cash flow positive. We'll be throwing a party of sorts for sure! :) oliviaoblivia on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734372 Thu, 11 May 2017 09:55:37 +0000 oliviaoblivia 2734372@https://boards.hellobee.com/ $72,000. Daycare for three is $6k per month. Hence I'm at home. snowjewelz on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734370 Thu, 11 May 2017 09:52:07 +0000 snowjewelz 2734370@https://boards.hellobee.com/ This summer when we officially have both in daycare (1 FT, 1 PT) it will be almost $2000 a month :shocked: Then it will go down a tiny bit when DD1 starts preschool (the rate is a little lower), but then it will go up when DD2 ups her hours as she gets older.... Such a roller coaster! skinnycow on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734316 Thu, 11 May 2017 09:13:22 +0000 skinnycow 2734316@https://boards.hellobee.com/ That's so far off for us because we still want one more baby and DD is only 14 months :crying: We're paying $14,500/year right now and when we have another it will be $29,500/year. I'm not sure how much after school care/summer care will cost here. Adira on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734313 Thu, 11 May 2017 09:11:56 +0000 Adira 2734313@https://boards.hellobee.com/ Oh! And my calculations don't include the fact that lunch is included at daycare and we'll have to pay for it at school. No idea how much that will cost. looch on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734312 Thu, 11 May 2017 09:10:46 +0000 looch 2734312@https://boards.hellobee.com/ We've gone from preschool costing about $8800 per school year and camp at about 3,000 for june/july/august to just camp at $3000. Comes out to about $730 per month. Interestingly, there haven't been a ton of things that we've had to pay for yet, my son isn't doing any sports or after school programs just yet. winniebee on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734311 Thu, 11 May 2017 09:10:12 +0000 winniebee 2734311@https://boards.hellobee.com/ Well, this fall DS1 is starting K so we are getting a $1400/month raise.....BUT have to hire a nanny for the baby (and she'll do after care for the older kids). So, it will be an added increase of around $2,000/month...but net increase of $600/month. Our childcare expenses for 3 kids come fall will be around $3500/month. Barf. Adira on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734310 Thu, 11 May 2017 09:08:12 +0000 Adira 2734310@https://boards.hellobee.com/ @T.H.O.U.: Yep, I don't actually anticipate being able to save that money! Plus I have two boys and boys eat a lot, so it'll probably all go towards food and sports, haha. Anagram on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734308 Thu, 11 May 2017 09:06:07 +0000 Anagram 2734308@https://boards.hellobee.com/ Hmm....we pay anywhere from $3000-$3700/month for childcare right now for two. After both kids are in school and will be signed up for before/after care, that will cost us $1700/month for two (those are this year's rates). That's a 2k savings a month. But that doesn't include coverage for the school breaks or for summer programs. So overall, it may be only about 1k savings/month. I'll take everything I can get though! ETA: since everyone else is doing yearly: After paying before/aftercare/summer/school break programs, we'll save anywhere from 12-24k in a year. T.H.O.U. on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734307 Thu, 11 May 2017 09:05:58 +0000 T.H.O.U. 2734307@https://boards.hellobee.com/ @Adira: Yea thats about what I calculated it out to be. And at that point I figure $7k-8k will be spent for larger big kid expenses (school trips, braces, sports, etc). Adira on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734305 Thu, 11 May 2017 09:04:01 +0000 Adira 2734305@https://boards.hellobee.com/ We're currently spending $22,100 a year on daycare (for two kids). Once they are in school, we'll be spending about $13,710 on other child-care related costs (YMCA membership, before/after care, school vacation weeks, summer camp). So roughly an $8k a year raise. avivoca on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734304 Thu, 11 May 2017 09:03:59 +0000 avivoca 2734304@https://boards.hellobee.com/ That's so far away that I can't even think about it. I'll be 37 when my youngest gets out of daycare. But in 26 months, we'll get an $800/month 'raise' since my oldest will start kinder. I'm hoping to be able to get a job with school hours by then. We'll still have to do something for the summers unless my parents can do Nana camp like my Nana did, so we'll probably have to save for summer care. T.H.O.U. on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734303 Thu, 11 May 2017 09:01:41 +0000 T.H.O.U. 2734303@https://boards.hellobee.com/ When I really added it up and then subtracted out the cost of after school care ($165/month) and summer camp ($165 per week) it really isn't much savings. 2PeasinaPod on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734302 Thu, 11 May 2017 08:59:48 +0000 2PeasinaPod 2734302@https://boards.hellobee.com/ Almost $1,700. Two kiddos in FT daycare. We'll likely need before/after care though, so I don't think we'll ever fully get rid of the cost. mediagirl on "How much of a raise will you get when your kids are all out of daycare?" https://boards.hellobee.com/topic/how-much-of-a-raise-will-you-get-when-your-kids-are-all-out-of-daycare#post-2734299 Thu, 11 May 2017 08:54:59 +0000 mediagirl 2734299@https://boards.hellobee.com/ We are getting a $900/month raise. One kid, full day daycare. We don't plan on using before/after care so it will be a full raise for most of the year, but we will put her in summer camps when that time comes.