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110 to 150 dollarsWhat does it cost generally to have a child in a child care centre per day?
Thanks, very expensive, how on earth do people afford it?110 to 150 dollars
Maybe its my age bracket but I struggle to understand how young families or partners or singles can afford this and survive.I pay just under $300 after the rebate for 2 kids x 2 days a week
Pretty sure before the rebate it is $135-$140 a day at the center my kids go to
Its far from ideal but it is what it is i guess. But I kind of think you have to factor these things in before you have kids.Maybe its my age bracket but I struggle to understand how young families or partners or singles can afford this and survive.
The pay packets would be skinned alive I would think?
Subsidies from the governmentThanks, very expensive, how on earth do people afford it?
I pulled up an invoice from the end of last year. For one child it was $560/week with a rebate of $167 (it was capped to $7500/year), so essentially $80/day per child (I think it was $90 from start of 2020). So it was around $1600-1700/month for one child.Thanks, very expensive, how on earth do people afford it?
Maybe its my age brackett , but 80 dollars a day suggests to me you would not be a person doing that sort of paying out if you were not well paid, when I was working there was no way we could afford 80 dollars a day, and from what I read it is pretty normal maybe quite low, even two parents working in lower economic circumstances would struggle, and that what I was, both of us.I pulled up an invoice from the end of last year. For one child it was $560/week with a rebate of $167 (it was capped to $7500/year), so essentially $80/day per child (I think it was $90 from start of 2020). So it was around $1600-1700/month for one child.
I never explored salary sacrifice of child care but that may also bring down the net cost.
The major factors are a) single or double income families, b) income levels and c) number of children. So for some parents it is simply not viable.Maybe its my age brackett , but 80 dollars a day suggests to me you would not be a person doing that sort of paying out if you were not well paid, when I was working there was no way we could afford 80 dollars a day, and from what I read it is pretty normal maybe quite low, even two parents working in lower economic circumstances would struggle, and that what I was, both of us.
I have other family looking at this and curiosity had me ask.
The subsidy goes straight to the centre, not the parents.I wonder why you would even start a child minding centre? Maybe they make more than I think?
I believe it is capped to 7.5k per child per year, but things may have changed.The subsidy is also income tested so you can get a lot more back if your income is lower.
I believe it is capped to 7.5k per child per year, but things may have changed.
The arm and the leg are the whole point, they are mostly good places, and you can't do without them. Seems there is no perfect answer.The subsidy goes straight to the centre, not the parents.
BTW my rates were for a not-for-profit community centre. I know from the AGMs that there weren't large margins (essentially break even). It is a great centre so I feel blessed my kids went there (even though it cost an arm and a leg).
What does it cost generally to have a child in a child care centre per day?
I seriously cannot believe how people can afford it even with a pittance for a subsidy, if you had 20 kids in an $80 dollar a day for 5 days a week, child care centre, that establishment makes $8000, and thats at the lower end, $80 a day x 5 days = 400 per child per week x 20 kids equals $8000.00 dollars for say four people? 1 person to 5 kids?
Say average work time frames of 9 hr shifts per day per employee, who work for $25 dollars P/H each gets $1125.00 per week $4500 employee costs, leaves $3,500 dollars gross, to owner ?
Around $40 a day per child
$40 a day!?!?! Maybe in Footscray if you are on the dole
It seems that we maybe need a complete change of how we look after our children and maybe Mum or Dad need to be bringing up the kids without any kind of child care centres, during those extremely important years from birth to school start.So a few years back I was working in finance at a company that had opened up about 6 childcare/kinder facilities
I can remember the exact figures but it was something like if a centre ran at about 75-80% occupancy they were bleeding cash. Once the centre got to around the 85% capacity it would roughly break even and obviously anything above that level it was in profit
But from memory a fairly big centre running at about 100% capacity was only making around the $200-$250k profit. Which is nothing to sfellow at but you need to take into account the costs involved in buying the land, building and set up of the centre. You are looking at it being a long term investment.
Plus the site(s) that were around 70% capacity were losing in excess of $100k per year
Thats after the rebate.
I'm only worried about what comes out of my pocket.
In Sydney you pay double that post rebate