10 Simple (but Effective) Ways to Save on Childcare Expenses

Childcare is one of the biggest costs parents incur.

In the case of low-income households, it can account for up to 30% of the family’s total expenses. It’s worth taking the time and doing the research to save on childcare.

A general idea of exactly how much childcare costs yearly, monthly, or even week-to-week will help you better understand how it affects your bottom line.

  • The average family spends about $143 a week on childcare. The costs vary greatly depending on the area, with places such as New York topping $10,000 a year while Kentucky and South Carolina ranges between $5,000 to $6,000 per year.

The price of childcare also varies depending on your child’s age. Expect to pay more for a newborn than for a toddler.


Scope of Care

If you want education, meals, care, and developmental play, expect to pay for these services. Drop-in centers charge by the hour while daily centers require you to commit to a daily rate by signing a contract.

Once you factor in the various contingencies that are likely to affect how much you will be charged for daycare, you can find ways to whittle down your costs.

Design your own discount to save on childcare by following these simple tips:

#1. Work options.

Check with your company and see if they contribute to childcare or deduct childcare expenses from your wages.

#2. Shop around.

Ask other moms what they pay and start vetting daycare centers around you. When considering a childcare facility, visit and ensure you go through the “good daycare checklist” here.

#3. Take a year off.

In some cases, it may make more sense for one parent to stay at home and take care of the baby until they are a little older. Infants and toddlers are most expensive because they need constant care. The cost of daycare can easily negate a parents paycheck.

Parental leave packages are offered by some companies.

#4. Childcare tax credit.

This can go a long way in cutting down your overall daycare or preschool bill. The childcare tax is actually a credit that reduces the amount of taxes you owe. This can go as high as $1,000 per child if you are eligible.

#5. Kid swap.

If you only need some “child-free time” as opposed to full-time daycare services, consider trading playdate hours. Sending your kid off for an afternoon with a friend while you take care of what you need to do means everybody wins.

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#6. More kids equal more savings.

Whatever the plan, whether it be summer camp, childcare, preschool or even swimming lessons, the more kids enrolled, the easier it is to get a discount. You will pay less per child and voila, time all to yourself. Find other kids and moms to save on childcare.


#7. Ask a family member.

If you’re lucky enough to have family near you, ask them for help. However, this doesn’t mean that Grandma should be your child’s primary caregiver.

#8. Share a nanny.

The multi-kid discount also works for a nanny. If you’re lucky enough to have a nearby neighbor who wouldn’t mind splitting the bill in half, hire a nanny and work out a schedule for both kids.

#9. Adjust your work schedule.

Talk about flex times with your employer. Be creative but realistic.

Can you work from home on certain days? Can you work longer hours 4 days a week and take a day off? If you can’t keep your end of the bargain, you will lose the privilege so ensure you make it work

#10. Hire a sitter.

A grandma-type neighbor or college kid with flexible schedules make for perfect sitters. They are affordable “mom helpers” who can comfortably help with household tasks and child supervision while you are otherwise engaged.

Only you and your partner know what will work for your situation. Consider all angles of the issue and decide what’s best for you, your kids, your career, and your pocket.

Do you know of any other ways to save on childcare expenses? Please share with our readers.


First published at www. thestir.cafemom.com.

Featured image source: www.peartreechildcare.co.uk


Founder at LetuKenya
Leah was born and raised in Kenya. She has a degree in psychology and divides her time between article writing, blogging and creating original African pieces. She provides her writing services independently and can be found odesk. When she isn’t hunched over a computer, she’s out being inspired by nature.


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