I came across this website...I'm sharing in case anyone else need it. Theirs a lot of good read on this site.
I found an answer to my own question...How/what to put in my handbook on the subject of "The real cost of child on the provider" I hope this helps someone else also.
Daycare Providers are in it for the money. Yes, Home Daycare Providers do this job because they love children. But would you do your job if you couldn’t pay the bills with it? And Home Daycare Providers are not “raking it in”. Yes, I’ve seen parents do the mental math when they think about what they’re paying and multiply it by the number of kids in my care. Yes, we do make that amount, but then we deduct taxes (about 15%), daycare groceries and cleaning supplies (about 14%), extra insurance and utilities (about 10%), and any new toys, furniture, or outdoor equipment or repairs to our homes caused by running the daycare (5% – 20%). If you really do the math, you’ll see that we’re making much less than minimum wage.
I found an answer to my own question...How/what to put in my handbook on the subject of "The real cost of child on the provider" I hope this helps someone else also.
Daycare Providers are in it for the money. Yes, Home Daycare Providers do this job because they love children. But would you do your job if you couldn’t pay the bills with it? And Home Daycare Providers are not “raking it in”. Yes, I’ve seen parents do the mental math when they think about what they’re paying and multiply it by the number of kids in my care. Yes, we do make that amount, but then we deduct taxes (about 15%), daycare groceries and cleaning supplies (about 14%), extra insurance and utilities (about 10%), and any new toys, furniture, or outdoor equipment or repairs to our homes caused by running the daycare (5% – 20%). If you really do the math, you’ll see that we’re making much less than minimum wage.
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