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Unregistered 06:50 PM 01-09-2011
Originally Posted by Chickenhauler:
That's per child....if you have 5 kids in your care, that's $400-$750 per week.

How many people make that kind of money with no commute, can wear sweats and T's to work, and do their laundry/dusting/dishes/etc on the clock?

Add to that, you don't have to pay DC bills for your own kids, and that ain't cheap.
But how much of that is pure profit? I don't end up with that kind of money! After rent, utilties, groceries, curriculum, programming, toys, equipment, supplies (from crayons to toilet paper), repairs to the wear and tear on the building, a helper, daycare insurance (state required), etc. that $400/week ends up being less than $100 per week and that's if we're really lucky that week(!) to spend on my own family's needs and bills (car payments, health bills -since providers don't have insurance through their "company"-, household portion of rent, phone, electric, gas, your kids extra curricular expenses, on and on the list goes as all families know)
And as for your wife having so many other families calling all the time for care, send them my way! Daycare has 4 full timers (licenced for 12), have had to make do with part time and drop ins since beginning of summer! That's because of so many families losing jobs and others not being able to afford daycare and making alternate arrangements with relatives. Can't terminate the families that won't pay on time, whose child is impossible, etc. Can't enforce policies for fear the family would get mad and leave, cutting the daycare income even more... your wife's daycare must be doing really well! That's great that things work out that great for you guys. It's NOT that way for us (or most other provider's I'm sure). I think it's all according to your location and what the job market is like there as for how much a povider actually makes. In this area the providers make just enough to keep the daycare running. Not much of a profit. If someone took a week off for vacation without having to pay for their daycare spot, the provider would be very lucky to come out even that week. I say this without any exaggeration for my area.
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