if you pay a full year's worth of tuition in advance?
I read this in a personal finance article, and while i'm not sure about our current daycare centre, i'm wondering if yours offers you that option?
If so, would you take advantage of it?
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no they don't but even if they did we couldn't afford to pay it upfront - its a lot!!
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Nope but we couldn't afford it if they did.
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No; I wish! They also don't let me pay via credit card, which is an even bigger gripe I have!
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I don't know if they would have given us that option, we paid weekly.
For preschool, we have to pay tuition in two installments, no discounts.
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We pay weekly, I don't believe we have the option. Which would be nice since we have an account from work to set money aside non-taxed for daycare expenses.
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Hmm....that's interesting. I never thought to ask! I'm going to check for sure.
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@LuLu Mom: The dependant care account accrues over time though. You couldn't take out the full $5,000 (if you elect to max out withholding) at the time you incur the cost.
Our day care doesn't have this option as far as I know. But it would have to be a significant discount (say 15-20%) for me to justify taking that money out of investments in order to pay upfront. And I would also want to know what happens if for some reason you leave the day care, are you fully reimbursed for unused pre-paid tuition?
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No, but we get a whopping $5 discount for the week if we pay on Monday
Every little bit helps, right??
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No, the only discount we'll get is when baby #2 starts and he/she will get a $10/week discount (whoop-de-freaking-do)
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They offer a discount for paying with cash/check and for multiple children. We pay monthly.
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@MamaMoose: Very true, but if I was able to do it next year I could use the withholdings from this year to do it for next year. I usually just take the withholdings in a lump sum at the end of the year.
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@Freckles: yes. We get a discount for paying 6 months in advance. We always ask and have always received one. Sometimes they run a "special" and we'll take advantage of that if it is higher than what we normally get off.
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@LuLu Mom: Ahhhh gotcha. I just recently checked on mine and had accrued about $1400 so I went ahead and submitted for reimbursement. Then I got depressed over how few weeks I had to submit to get to $1,400.
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@yoursilverlining: same here. I get so mad thinking about all the points and miles I am missing out on.
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Nope our lady wants to be paid weekly.
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Nope. I would be worried that if I left the daycare for some reason I wouldn't get my money back.
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I didn't think to ask but we probably couldn't afford to pay that much all at once unless it was a seriously significant discount.
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Man, I wish! I would totally take advantage of that.
We don't get any sort of discounts, even with baby #2.@lawbee11: That's $260/year! That would buy a couple nice pieces of clothing!!
Every little bit helps, right??
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18 comments