Money Week, Day 3: Daycare Costs

PAUL: THE MONEY WEEK AND TODAY WE ARE HELPING YOU BEAT THE HIGH COST OF DAYCARE.

PAT: SOME PARENTS FEEL LIKE THEY'RE WORKING JUST TO PAY FOR CHILDCARE, BUT KRISTINE HAS SOME MONEY-SAVE CAN ADVICE.

SOMETHING WE ALL CAN RELATE TO AS PARENTS.

IT OFTEN FEELS LIKE THE SPENDING JUST DOESN'T STOP.

FROM DIAPERS, ALL THE WAY THROUGH COLLEGE.

BUT PARENTS HERE IN THE SOUTHLAND ARE GETTING SAVVY WHEN IT COMES TO SAVING MONEY ON CHILDCARE.

GO FISH.

FROM FAMILIES AND FRIENDS TO NANNIES AND NEIGHBORS FINDING GOOD AFFORDABLE CHILDCARE CAN BE AS CHALLENGING IS A SOOTHING A COLICKY BABY AND HAS PARENTS THINKING OUTSIDE OF THE BOX.

I'VE FOUND THAT MY EX-HUSBAND'S GIRLFRIEND HAS BEEN REALLY HELPFUL.

TRISHA IS A SINGLE MOM WITH THREE BEAUTIFUL DAUGHTERS.

YOU PANT — SHE SAYS AFTER HER DIVORCE SHE FELT SHE WAS WORKING TO PAY FOR CHILDCARE AND NEEDED TO FINE ANOTHER WAY.

SO THE STARTED A COON WITH HER, EX-HUSBAND'S GIRLFRIEND.

IF THAT MEANS I'M GOING TO GET ALONG WITH MY EX-HUSBAND AND HIS GIRLFRIEND, I'M GOING TO DO THAT.

AND SO I ACTUALLY THINK IT'S A GREAT SITUATION.

JACQUELINE LIVES WITH HER TWO KIDS IN SOUTH BAY AND SAYS IT'S ABOUT NETWORKING.

WHENEVER I GET ANYWHERE I — EVEN IN MY CHILD'S CLASS, IF THERE'S PARENT I SAY, WHERE DO YOU LIVE? HOW CLOSE TO SCHOOL? ALWAYS THINKING WHAT WE CAN DO TO HELP EACH OTHER.

YOU HAVE TO REACH UNITED STATES AND GET TO KNOW OTHER — REACH OUT AND GET TO KNOW PARENTS.

ACCORDING TO A RECENT REPORT, THE AVERAGE COST OF FULL-TIME DAYCARE FOR KIDS HAS REACHED $9,580 A YEAR, PASSING THE AVERAGE COST OF IN-STATE COLLEGE TUITION WHICH RUNS 9,000 10.

THE FINANCIAL BURDEN FOR FAMILIES CAN BE VERY DIFFICULT.

THIS DOCTOR, AKA THE NANNY DOCTOR, SAYING ANOTHER WAY PEOPLE ARE CUTTING COSTS IS NANNY SHARING.

WHERE TWO FAMILIES COME TOGETHER AND USE ONE NANNY.

A FAMILY WHO WANTS 40 HOURS A WEEK COVERAGE CAN NOW PAY REALLY FOR 20 HOURS BECAUSE THEY'RE SPLITTING THE COST.

NOW, BECAUSE OF TWO BABIES, THE RATE WILL BE BUMPED UP BUT IT'S STILL A GREAT DEAL FOR A FAMILY.

FOR JACQUELINE AND TRISHA THEY'LL KEEP DOING WHATEVER ITS TAKES TO GET THE JOB DONE.

WHEN ITS COMES TO TEENS, FOOD IS ALWAYS GREAT, JUST FILL YOUR KITCHEN AND SAY GO AT IT.

GOOD CHILDCARE IS HARD TO FIND, AND WHEN YOU FIND SOMEONE WHO IS AMAZING YOU NEED TO HOLD ON TO THEM.

ANOTHER WAY TO SAVE, MANY EMPLOYERS OFFER FLEXIBILITY SPENDING ACCOUNTS TO SET MONEY.

Source: Youtube