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My Son’s Daycare Will Cost $65,886
Counting down the days until free, public kindergarten!
Daycare is one of the biggest expenses for young children. Even before the pandemic, families were struggling.
COVID turned everything upside down, to the point that many parents, mostly women, have given up on their jobs and decided to stay home with their kids.
And that got me to rethinking the cost of daycare.
The cost of watching your child during the day has to be paid one of two ways.
- You stay home and pay with your time.
- You work and pay with your money.
Regardless, until the child reaches kindergarten, that cost is required to be paid. In that way, the cost of childcare is much like a debt (okay, more like a personal unfunded mandate), which spawned the title of this article.
My wife and I both kept our jobs through the pandemic and both earn more than the cost of child care, so we’re choosing the second option. How much is that exactly?
Let’s break it down.
Breaking Down Child Care Expenses
Let’s detail the assumptions then do the math.
- Our son is currently 17 months, which means we…
