Author Topic: In-home daycare, worth it?  (Read 7630 times)

diplomatchick10

  • 5 O'Clock Shadow
  • *
  • Posts: 12
In-home daycare, worth it?
« on: April 03, 2018, 05:51:54 AM »
Hello, I'm looking for a little advice on whether or not to start my own in-home daycare. I've been a stay at home mom the last four years with jobs here and there (we've had to move a lot due to my husband's job). We are finally settling down and I like the idea of staying home for my daughter (who will be starting kindergarten), plus, we plan on having another child. I told my husband that you can make good money with an in-home daycare depending on what you charge and the number of kids you take on. I don't want more than 4 as of right now, since I'm just starting out. I'm just not sure if my husband is convinced, and maybe I'm feeling reluctant. I love teaching little kids, but I want to make sure we are going to be okay financially. Any advice would be great.


I'm a red panda

  • Walrus Stache
  • *******
  • Posts: 8185
  • Location: United States
Re: In-home daycare, worth it?
« Reply #1 on: April 03, 2018, 07:38:16 AM »
You need to approach this as a business.

What are the going rates in your area? What kind of income could you reasonably expect to bring in?
What will insurance cost?
What other costs will you have- food, equipment, toys, cribs, etc? What is the licensing process like? What other costs will you have?

What contingency plans will you offer to families if you are sick? Or your children are sick? What are your plans for vacation, holiday, and snow day policies?

Proud Foot

  • Handlebar Stache
  • *****
  • Posts: 1160
Re: In-home daycare, worth it?
« Reply #2 on: April 03, 2018, 07:44:28 AM »
Have you ever worked in childcare before?

We found the in-home daycare for our children through an in-home daycare network in the city we live. Is there something like that in your area? I think it would give you a better sense of what you are getting into if you were to talk to several people who are already doing this to find out how they handle some of the things @iowajes outlined. Also find out what your state requirements for in-home daycare are as well as any potential issues within your neighborhood hoa (if you have one).

Jon Bon

  • Handlebar Stache
  • *****
  • Posts: 1669
  • Location: Midwest
Re: In-home daycare, worth it?
« Reply #3 on: April 03, 2018, 08:07:14 AM »
I have used an in home daycare, as well as live next to one.

The part that always kills me is the different ages and schedules of all the kids. I am a SAHP/Fire so 'the schedule' RULES my house. You have to put up with other parents requests and demands, things like no screen time or specific types of punishment. Dealing with kids with completely different rules at home etc. I imagine it would be very difficult.

Think about it, with a hypothetical new born, 1 year old learning to walk, 2 year old learning to climb, and a 4 year old hooligan! This also means your house will be COVERED in baby crap. You need the equipment for all stages of a kids life as well as keeping it separate/age appropriate. Different bottles of formula, milk, water, etc. Snacks whatever made up food 'sensitivities' the parents think their children have. So there are many many moving parts here.

The good news is you can start small, take on a single kid from a single family. If it works well odds are they will probably have another kid and send them to you as well! The money is decent but the work is hard.

Good luck to you.






slappy

  • Handlebar Stache
  • *****
  • Posts: 1469
Re: In-home daycare, worth it?
« Reply #4 on: April 03, 2018, 09:24:11 AM »
I'm not sure the money is all that great. My state only allows three children outside of the biological children. In my area, the going rate is maybe $150 a week for in home care. So that's only $450 a week, before taxes and expenses. Plus the hassle. It's definitely not an easy gig, but if you are committed to it and would otherwise not be bringing in income, it could be worth it.

honeybbq

  • Handlebar Stache
  • *****
  • Posts: 1468
  • Location: Seattle
Re: In-home daycare, worth it?
« Reply #5 on: April 03, 2018, 10:20:56 AM »
What will you do if you are sick? Are you going to hire other adults to be there with you? Will you ever want to go on vacation? How will you handle that? You won't be able to go pick up or drop off your child at kindergarten... you'll need like 6:30 AM to 6 PM hours.... etc.

SC93

  • Pencil Stache
  • ****
  • Posts: 605
Re: In-home daycare, worth it?
« Reply #6 on: April 03, 2018, 10:49:21 AM »
There was a lady in Omaha several years ago that had a daycare. One little kid fell and I guess really got hurt. The parents were trying to sue and take everything they could from the babysitter. I don't think it's worth putting your family in danger to watch other children. And like someone else said, it doesn't make much money at all after you pay taxes.

afox

  • Pencil Stache
  • ****
  • Posts: 571
Re: In-home daycare, worth it?
« Reply #7 on: April 03, 2018, 10:58:53 AM »
where i live there is a shortage of daycare and in-homes charge about $250 week which is significantly less than the $350-$400 week facilities charge.  The one we looked at had 5 or 6 kids for one person.  She used her basement as the daycare area.  So there might be money to be made.  If you want to know where I live send me a PM.


slappy

  • Handlebar Stache
  • *****
  • Posts: 1469
Re: In-home daycare, worth it?
« Reply #8 on: April 03, 2018, 11:03:52 AM »
where i live there is a shortage of daycare and in-homes charge about $250 week which is significantly less than the $350-$400 week facilities charge.  The one we looked at had 5 or 6 kids for one person.  She used her basement as the daycare area.  So there might be money to be made.  If you want to know where I live send me a PM.

I believe in my area, the ratio depends on the age of the kids. So you could have 6 kindergartners per adult, but only 3 infants/toddlers. At 250 per week for 6 older kids, that would probably be worth it. 

SC93

  • Pencil Stache
  • ****
  • Posts: 605
Re: In-home daycare, worth it?
« Reply #9 on: April 03, 2018, 11:09:45 AM »
So let's do the math even at a higher rate like fox said. $250 x 3 kids = $750 - $100 food (no idea, just making it up) $650. So lets say after taxes and everything $500. Probably less in most areas so this would be high heaven for income.

1 kid will need to be there early and 1 kid will need to be there late so you will need to be 'working' 12 hours a day, maybe 6am-6pm or 7am-7pm.... let's say 60 hours a week. That's $8.33 an hour. But let's just say you are open 50 hours = $10 an hour. And no matter if little Jimmie's mom says she will be there at 6pm every night, you know she will be late sometimes so the hours will ad up either way. I know you don't really care about the hourly pay vs time spent at home with your kids but just pointing that out. And if one of your kids has a doctor's appointment or gets sick, make sure you have someone that can work in your place. And when your oldest gets in school and has an activity at 5:30.... what will happen then?

How about this and you still get to spend time with your kids. Offer transportation for children. I know that is a big thing here in my area (DFW).

Catbert

  • Magnum Stache
  • ******
  • Posts: 3810
  • Location: Southern California
Re: In-home daycare, worth it?
« Reply #10 on: April 03, 2018, 11:23:42 AM »
If I were doing it I'd look at before and after school care for no more than 2 children my kindergartener's age. 

Or do just before school care for a couple of kids of school age.  You'd need to get them to school or the bus on time and maybe feed them breakfast.  Before school is often a difficult time for parents to find coverage so on a hourly basis the pay could be higher.  Also it doesn't tie you down during the rest of the day.   


mm1970

  • Senior Mustachian
  • ********
  • Posts: 11949
Re: In-home daycare, worth it?
« Reply #11 on: April 03, 2018, 11:32:19 AM »
So let's do the math even at a higher rate like fox said. $250 x 3 kids = $750 - $100 food (no idea, just making it up) $650. So lets say after taxes and everything $500. Probably less in most areas so this would be high heaven for income.

1 kid will need to be there early and 1 kid will need to be there late so you will need to be 'working' 12 hours a day, maybe 6am-6pm or 7am-7pm.... let's say 60 hours a week. That's $8.33 an hour. But let's just say you are open 50 hours = $10 an hour. And no matter if little Jimmie's mom says she will be there at 6pm every night, you know she will be late sometimes so the hours will ad up either way. I know you don't really care about the hourly pay vs time spent at home with your kids but just pointing that out. And if one of your kids has a doctor's appointment or gets sick, make sure you have someone that can work in your place. And when your oldest gets in school and has an activity at 5:30.... what will happen then?

How about this and you still get to spend time with your kids. Offer transportation for children. I know that is a big thing here in my area (DFW).

Quote
You need to approach this as a business.

What are the going rates in your area? What kind of income could you reasonably expect to bring in?
What will insurance cost?
What other costs will you have- food, equipment, toys, cribs, etc? What is the licensing process like? What other costs will you have?

What contingency plans will you offer to families if you are sick? Or your children are sick? What are your plans for vacation, holiday, and snow day policies?

I wanted to comment on the two above.  Iowajes has it right (the second post).  The info in the first post really depends.

I know several people who run at home daycares.  Both my boys were in them until preschool, so 3.5 years and 4 years.  I prefer them.  Some tips/ comments:

1.  Depending on the state, you'll need to get licensed and have insurance.
2.  You'll need to set a schedule.  Home daycare #1 was at the point in her life where she didn't want to work past 4:30 pm.  That worked great when she had a string of teachers' kids.  Not so well later.  She made up her vacation schedule at the beginning of the year (days she took off), which were minimal - maybe only 15 days a year.

Daycare #2 took a few more days off than that, but she also had her schedule at the beginning of the year.

It can be very long days - daycare #2 was open from 7:30 to 5:30.

Realize that a home daycare may have emergency closures due to stomach flu/ illness.

3.  Price.  Ask around.  Daycare #2, the one I used most recently is $320 a week.  Only slightly less than a larger center.  As a "small" home daycare, if she were full, her gross would be $99,000 a year.  (Max of 6 children, only 2 can be under 18 months.)

4.  Food.  She provides food but she also gets a reimbursement for that (home child and adult care providers get this).

So "worth it" depends entirely on how many children you take, and what the going rate is.  My provider for kid #2 was making less than half the $320/week when she was in Arizona - more providers, people weren't willing to pay as much. Where we are here, rates are MUCH higher and you pay for your spot, whether you use it or not.  And you pay for her vacation days too.

Also, you need to decide if you are going to be open full days, half days, and if you will take part timers.  Some home childcares only are open until 1 or 2 pm, so they can pick up their kids from school.  Some take part timers - half days or only 1-2 days a week.  But that can be difficult to fill slots that way.  My most recent provider has had to "kick out" families who are only there 2 days a week (because they have grandma) when they got someone who wanted full time.

Jrr85

  • Handlebar Stache
  • *****
  • Posts: 1198
Re: In-home daycare, worth it?
« Reply #12 on: April 03, 2018, 11:38:14 AM »
Hello, I'm looking for a little advice on whether or not to start my own in-home daycare. I've been a stay at home mom the last four years with jobs here and there (we've had to move a lot due to my husband's job). We are finally settling down and I like the idea of staying home for my daughter (who will be starting kindergarten), plus, we plan on having another child. I told my husband that you can make good money with an in-home daycare depending on what you charge and the number of kids you take on. I don't want more than 4 as of right now, since I'm just starting out. I'm just not sure if my husband is convinced, and maybe I'm feeling reluctant. I love teaching little kids, but I want to make sure we are going to be okay financially. Any advice would be great.

I personally would say don't do it unless you have another person who wants to do it with you.  Just too burdensome if you don't have a backup plan for when you are sick, have a family emergency, just need to do things like a dentist appointment, or want to go on vacation.  But depending on where you live, hiring a non-relative to do some of the watching may mean you have to comply with all the regulations that apply to a stand alone daycare. 

Where I live, you are looking at about $150 per week per kid and can have up to four kids (regardless of the number paying, so if you have two of your own kids, you can have two paying kids) without facing all the regulations applicable to a commercial daycare (there are still some basic requirements; just not the minutia of X sq ft per kid, a rqm to have a sink in the room where the kids are, etc).  But even at 4, you are talking about 31,200 annually gross for working minimum ten hour days (assuming you can successfully limit hours from 7:30am to 5:30 pm) and taking basically bank holidays. 

If you are wanting to stay at home with your own kids, you could make $15,600 gross to keep two more kids, which seems like a much better deal.  You get money to basically do what you would be doing anyway, except that you give up a ton of flexibility. 

moonpalace

  • Bristles
  • ***
  • Posts: 265
  • Age: 49
Re: In-home daycare, worth it?
« Reply #13 on: April 03, 2018, 11:38:29 AM »
My wife has run an in-home daycare for twelve years now. Started off small (our kids + 1 or 2 others). Now both of our kids are in school and she has six kids, ages 2-3, five days a week, plus some after-school kids who are roughly my youngest's age. That's basically the max our state permits for a solo in-home provider. For the last few years, since she reached this size, she's had a waiting list of at least a dozen kids at any given time.

She's open 8-5 each day. Two paid weeks of vacation, plus five paid sick days, plus federal holidays. She charges $1/minute for late pickup and $10/day for late payment, and neither of those has been a real issue for years. All of that is spelled out in a contract.

It's definitely a lot of work, and not for everyone, but it's been a rewarding career for her, and the money's good (~$90k/year).

The daycare-specific expenses (liability insurance, disability insurance, mandatory inspections, licensing) are about $2,500/year. She serves simple, healthy snacks twice a day and that probably increases our grocery spend by $200/month, but the State reimburses basically that whole amount.

Bonus: you can slowly move into retirement by just not replacing kids who age out, or by not filling slots on particular days, etc.

There are also some nice tax deductions, the self-employment tax picture just got loads better, and we get to sock a lot of money away in a solo 401k, to boot.

MP

LeRainDrop

  • Handlebar Stache
  • *****
  • Posts: 1834
Re: In-home daycare, worth it?
« Reply #14 on: April 03, 2018, 11:54:15 AM »
My mom ran an in-home daycare for 20+ years in our family home in Massachusetts.  I was around 6 or 8 years when she started and past college when she retired from it, and I have two younger siblings as well.  I realize I'm biased, but I think she did a fantastic job with the children and parents, really exceptional.  As a bonus for me, all those families wanted to use me as a baby-sitter, and I loved taking care of the kids, so I made massive bank in middle and high school!  Here's my perspective:

- At the time, I believe state rules allowed up to 6 kids at any moment in time, and no more than 2 of them could be under 18 months.
- She was typically pretty well booked into the the max number of kids, with several full-timers and also a number-of part-timers whose schedules combined like tetris to comprise a full-time slot.
- She charged the family the same amount every week for their time slot.  If the daycare kids went on vacation or didn't come to daycare for a day or whatever, the family still paid the full weekly rate.  My mom made a very good living off this business.
- My mom had a pretty long day, as I believe the earliest arrival kids came around 7:30 a.m., but more commonly 8 a.m., and the latest pick-up time was usually 6 p.m.  Many people pressed their luck with picking up late, and my mom never got the nerve to charge them any sort of penalty/fee for that.  Sometimes that even interfered with our family schedule if we had evening sports or events.  There were a few years where she took care of a girl whose parents both worked an evening shift, so those days she was not completely done until 1 a.m.
- Our home was pretty much overtaken with little kids' things.  The playroom needed to be cleaned up every single day at least once at night and often also around nap time.  Our kitchen almost always had two high-chairs and sometimes also those seats that attach to the table and booster seats.  Every one of our bedrooms had a crib or sleeper pen.  Baby monitors galore.  Even after my mom's workday with the kids ended, she had a ton of cleaning left to do -- playroom, kitchen table, all the kids dishes, sippy cups, bottles, etc.
- Sometimes we kids would get kicked out of our rooms so that the daycare kids could use them for naps.  Sometimes the daycare kids climbed out and played with whatever things we left out in our rooms.  Likewise, sometimes we would come home from school to find that we couldn't get into our rooms to get things because there was already a napping daycare kid in there.  Each kid had a regular nap schedule, though, so my mom actually did a really good job letting us know in advance when our rooms would be occupied -- we kids would still sometimes get annoyed anyway.
- During summer vacation, when my siblings and I might have wanted to sleep later, we were often awoken by the noise from the daycare kids downstairs.
- There were strict regulations about safety in the home -- things like multiple points of egress in case of fire, first-aid kits, fire extinguishers, child locks on cabinets, where household items could/couldn't be stored, etc.
- There was some sort of food reimbursement program so that my mom would have to fill out a detailed schedule of all meals and snacks that she offered to the kids.  There were requirements to keep good balanced nutrition, so it would be something like lunch had to have one protein, one vegetable, one fruit, and no more than one starch, or whatever.  She turned in the full food schedule monthly, and then she would get a check from the state, I think based on how many kids, how many meals, how many snacks.
- My mom had to take certain classes and get various certifications each year.
- Make sure the families know that they are responsible for providing their own baby formula and diapers.  My mom supplied all the other food/drink and supplies.  Sometimes families also provided their own preferred crib, and the kids often brought pacifiers, blankets, toys, or stuffed animals, but you have to be careful to set clear rules about sharing (e.g., you can bring a toy, but you'll have to share it, unless it's a toy that just goes in that kids' sleeping crib).

Edited to add:
- As someone else pointed out, my mom set her full year's holiday/vacation schedule at the very beginning of the year.  Very, very rarely did she deviate from that after setting it.  I know she was pretty stingy to herself, so I think it was 10 paid holidays plus 1 or 2 weeks of paid vacation tops.  In the very rare event that an unexpected day needed to be taken, most parents were able to make other arrangements.  To the best of my memory, my mom only took 1 sick day in all of those years, and she got approval from the parents to have my dad and I be the caretakers in her place for that day.
« Last Edit: April 03, 2018, 12:07:21 PM by LeRainDrop »

ambimammular

  • Bristles
  • ***
  • Posts: 424
  • Age: 48
  • Location: Indiana
Re: In-home daycare, worth it?
« Reply #15 on: April 03, 2018, 12:51:00 PM »
My aunt made awesome money running a home daycare for a career. When she retired they replaced everything. Every couch, chair, pillow. Carpet was gone. I tried to argue that they had really nice stuff. She just shook her head. You can only spot clean and put in the washing machine so much. Stuff will get spilled and gnawed on.

And you're gonna have kids with perpetual booger face and they will pass the cold back and forth between them.

ABC123

  • Bristles
  • ***
  • Posts: 262
  • Location: Nashville
Re: In-home daycare, worth it?
« Reply #16 on: April 03, 2018, 01:33:49 PM »
For me personally, I prefer a daycare center because of the accountability of multiple adults present, as well as not having to close because one person got the flu.

So if I were to use an in home daycare, I would want to know that the provider had a plan for days when she was sick.  If you were sick more than once or twice a year, I would find a new daycare because I use a daycare because I have to work and therefore need the daycare to be there.  If you need to take your own kids to a doctor's appointment, do you have a plan? 

Do you have an abundance of daycare options in your area?  Or is it hard for parents to find a spot?  If supply is limited, you could make some good money taking in a couple kids.  Around me, I have a friend that wanted to watch some kids and because there are lots of both centers and in home providers, it took a long time for her to get any kids to watch.

I'm a red panda

  • Walrus Stache
  • *******
  • Posts: 8185
  • Location: United States
Re: In-home daycare, worth it?
« Reply #17 on: April 03, 2018, 01:55:19 PM »
For me personally, I prefer a daycare center because of the accountability of multiple adults present, as well as not having to close because one person got the flu.

So if I were to use an in home daycare, I would want to know that the provider had a plan for days when she was sick.  If you were sick more than once or twice a year, I would find a new daycare because I use a daycare because I have to work and therefore need the daycare to be there.  If you need to take your own kids to a doctor's appointment, do you have a plan? 

Do you have an abundance of daycare options in your area?  Or is it hard for parents to find a spot?  If supply is limited, you could make some good money taking in a couple kids.  Around me, I have a friend that wanted to watch some kids and because there are lots of both centers and in home providers, it took a long time for her to get any kids to watch.

This is why I don't use in home care either.  (The poster who said his wife is open 8-5. I'm amazed that works. If those are the hours of a typical working adult, when is the time to drop off and pick up?  Not to mention unscheduled overtime there. I need way more flexibility.) I also personally don't want my vacation dictated by someone else. Most in home care takes 2 weeks of vacation; which means I also have to take those 2 weeks for vacation.  And anytime they take a sick day, I need to use more vacation. 

The people I know who use in home care do it because it is way cheaper than center based care, but they complain constantly about paying for vacation weeks and about having to call out of work when their provider is sick. 

jax8

  • 5 O'Clock Shadow
  • *
  • Posts: 94
  • Age: 44
  • Location: Pittsburgh, PA
Re: In-home daycare, worth it?
« Reply #18 on: April 03, 2018, 02:39:49 PM »
I looked into opening a home daycare, thinking it was a great way to earn even more money than I could at my office job AND stay home with the kids.  Then, one of my good friends lost her daughter due to SIDS, and it happened during nap time at the at-home daycare provider's home.

Obviously, the daycare provider was NOT responsible, but it was tragic for everyone involved.  My friend was a wreck because she wasn't there when her daughter passed away, and the daycare provider was a wreck because she was.

After that, I knew I could never watch kids in my home.  I would never be able to handle a child getting seriously injured (or worse) on my watch, and my anxiety would be through the roof.  It's much easier for me to shuffle papers at my desk.  I'm way too Type A to work with little children and enjoy it.

I know my comment is extremely morbid, but I just want to point out that the "hard" of this job could be life-changing hard.

bogart

  • Handlebar Stache
  • *****
  • Posts: 1094
Re: In-home daycare, worth it?
« Reply #19 on: April 03, 2018, 08:09:56 PM »
We used two in-home daycares (or one daycare from ages 0-3 and one preschool from ages 3-4), and were mostly happy with both.  The first offered a full-time schedule (I think it was 7:30 or 8:00 to 5:30 though honestly I forget...), the second was unlicensed, strictly part-time (4 hours/day), and made it VERY clear it was only suitable for parents who didn't need its services in order to manage their own work schedules (among other things, closed Fridays and the owner/operator had the right to take vacations on fairly short notice).  It was a good setup for parents seeking a way to get the kid out of the house for awhile, engaged with an involved adult, and around other kids, but not, as I say, for managing work schedules.  My DH was RE by then, so it worked for us.  Although I think the owner provided some food for the kids, we the parents were also charged with signing up to provide prepared lunches on a regular (rotating) basis. 

The first place was licensed, 5-star, had up to 5 kids present and between 1 and 3 caregivers (owner/operator, her DH who worked a 2nd-shift job, and her teenaged daughter after school let out).  About a decade ago, it cost $1K per month per kid, maybe with some kind of sibling discount.  It also had a part-time option -- we only went 2 days/week.  It worked well for us.  I don't remember sick days being a problem (though I do know that one year, years before we were there, the owner had to close the whole place down on very short notice because she had a medical crisis of some kind), and unlike the institutional places in our area, if there was snowy weather (we close everything at the sight of a snowflake where I live), the daycare was nonetheless open. 

So -- sure, I've used such a place and would again.  I personally wouldn't want to operate one because managing small kids on a regular basis is not my thing.

mm1970

  • Senior Mustachian
  • ********
  • Posts: 11949
Re: In-home daycare, worth it?
« Reply #20 on: April 04, 2018, 11:10:48 AM »
For me personally, I prefer a daycare center because of the accountability of multiple adults present, as well as not having to close because one person got the flu.

So if I were to use an in home daycare, I would want to know that the provider had a plan for days when she was sick.  If you were sick more than once or twice a year, I would find a new daycare because I use a daycare because I have to work and therefore need the daycare to be there.  If you need to take your own kids to a doctor's appointment, do you have a plan? 

Do you have an abundance of daycare options in your area?  Or is it hard for parents to find a spot?  If supply is limited, you could make some good money taking in a couple kids.  Around me, I have a friend that wanted to watch some kids and because there are lots of both centers and in home providers, it took a long time for her to get any kids to watch.

This is why I don't use in home care either.  (The poster who said his wife is open 8-5. I'm amazed that works. If those are the hours of a typical working adult, when is the time to drop off and pick up?  Not to mention unscheduled overtime there. I need way more flexibility.) I also personally don't want my vacation dictated by someone else. Most in home care takes 2 weeks of vacation; which means I also have to take those 2 weeks for vacation.  And anytime they take a sick day, I need to use more vacation. 

The people I know who use in home care do it because it is way cheaper than center based care, but they complain constantly about paying for vacation weeks and about having to call out of work when their provider is sick.

This is interesting.

My experience with home care vs. center care.

1.  Number of days off is the same.  Both home daycares I've used have scheduled vacation days - but very few.  Generally a week at Christmas and a few federal holidays.  Also, mostly around the school schedule.   In fact, every center that I've ever toured (or used, in the case of preschool) has also had closed days/ weeks - and often more than a home center.  I've used the home daycare as a backup when the center is closed, in fact.

For example, centers around here usually close for a week or two at Christmas, plus holidays, plus a week in August before school starts.

2.  Sick days - I've found these are few and far between.  Home daycare #1 had an endless supply of backup providers (family).  The only time she closed was when she was evacuated due to the fires.  Home daycare #2 has had a few more closures due to illness - but it's not that they were closed often.  Usually, when the stomach flu goes through, and for me - they may only close once but I'm personally going to keep my kid home even if they aren't closed.

Most of the sick days I've had to take have been for my sick kids, not a daycare closure.

When it comes to schedules - I found that the home daycares are head and shoulders above the public school system!  Get used to random days off, early release days, every federal holiday plus a few, inservice days, spring break, a week at Thanksgiving, two days before school starts on a Weds at the beginning of the school year, two days after school ends on a Weds at the end of the school year, 48 hours for any stomach flu, 24 hours for head lice.

Also, finally, the reason 8-5 may work for a home care schedule is that parents usually split dropoff and pickup.  That's what we've always done, and it's what we do now that they are in school.

fuzzy math

  • Handlebar Stache
  • *****
  • Posts: 1860
  • Age: 43
  • Location: PNW
  • Trying to stay FIREd
Re: In-home daycare, worth it?
« Reply #21 on: April 04, 2018, 12:25:41 PM »
If I were doing it I'd look at before and after school care for no more than 2 children my kindergartener's age. 

Or do just before school care for a couple of kids of school age.  You'd need to get them to school or the bus on time and maybe feed them breakfast.  Before school is often a difficult time for parents to find coverage so on a hourly basis the pay could be higher.  Also it doesn't tie you down during the rest of the day.

THIS!!! So many working couples I know struggle with this scenario. It's hard to find someone who is reliable that you can pay for 2-4 hours of work a day. If you are going to have another child and want to stay home (and have free time with a newborn) this would be ideal. It's seasonal - school year only. It leaves you not having to work all summer or over Christmas break when you'd like to be off...

Mezzie

  • Pencil Stache
  • ****
  • Posts: 814
    • Mezzie Learns
Re: In-home daycare, worth it?
« Reply #22 on: April 04, 2018, 01:38:21 PM »
My aunt did this to stay home with her son, but she has an amazing immune system and good business sense (she currently runs an unrelated successful business).

MicroRN

  • Handlebar Stache
  • *****
  • Posts: 1041
Re: In-home daycare, worth it?
« Reply #23 on: April 04, 2018, 06:56:58 PM »
If I were doing it I'd look at before and after school care for no more than 2 children my kindergartener's age. 

Or do just before school care for a couple of kids of school age.  You'd need to get them to school or the bus on time and maybe feed them breakfast.  Before school is often a difficult time for parents to find coverage so on a hourly basis the pay could be higher.  Also it doesn't tie you down during the rest of the day.

THIS!!! So many working couples I know struggle with this scenario. It's hard to find someone who is reliable that you can pay for 2-4 hours of work a day. If you are going to have another child and want to stay home (and have free time with a newborn) this would be ideal. It's seasonal - school year only. It leaves you not having to work all summer or over Christmas break when you'd like to be off...

I agree, this is probably the easiest thing to do.  It won't pay as much as full-time care, but then you won't have to work as much either.    If you do before & after care, have a plan ahead of time for early release days and teacher workdays.  Personally, I would not use a provider who didn't offer full-day care on teacher workdays (because I can't take that much time off), but some parents might be ok with that.

Simpleton

  • Stubble
  • **
  • Posts: 177
Re: In-home daycare, worth it?
« Reply #24 on: April 06, 2018, 09:04:36 PM »
I think if your choices are either to provide this service, or to return to the workforce, you should absolutely try it out.

My reason is simple:

You will never look back 50 years from now and think "Damn I wish I had a little more money, and didn't spend as much time at home with my children".

If you try it, and you don't enjoy it, then go back to working. But the fact that you are asking makes me think you should try.