Business & Finance Personal Finance

How to Save Money by Sharing Child Care

  • 1). Meet with those interested in sharing child care.

  • 2). Talk about the type of nanny you'd like to hire. If you find that your expectations and discipline techniques are too different, strike out on your own.

  • 3). Decide where the child care will take place.

  • 4). Determine how much to pay the nanny per hour. If a nanny usually gets paid $8 an hour per child, you could decide to each pay $6 an hour per child. That way, you save $2 an hour, and the nanny gets $12 an hour. The wage goes up as the number of children increases.

  • 5). Contact a nanny referral service in the phone book or via the Internet.

  • 6). Start the interviewing process. Check references carefully. Observe the nanny interacting with the children.

  • 7). Hire a nanny on whom everyone agrees.

  • 8). Have a meeting with everyone before the first day of child care. Make sure everyone is clear about the situation. Will the nanny be expected to do household chores? Will the nanny be paid extra for late hours? Will the nanny need his or her own transportation?

  • 9). Put all agreements in writing.

  • 10

    Enjoy your new child care arrangement!



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