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Where Does Your Money Go?
What you pay will buy
quality child care, nutritious meals, and a nurturing
environment for your child. Your fees must provide my
income, including taxes and social security. Beyond that,
your fees pay for special child care insurances, training,
food, toys, equipment, art supplies, services needed to keep
the home in good condition and other items your child will
use or get benefit from.
Like other self-employed workers, Family Child Care Providers do not receive benefits many employees take for granted. These include health/dental, life insurance, retirement/pensions, workman’s comp, flexible time off, and unemployment insurance. Those benefits can often add up to 35% of an employee’s salary. In Family Child Care, there is no room for growth, the State dictates the size of my business, and therefore potential income increases are very limited.
To protect my rights and income, you will find that a guaranteed wage is part of my contract. To protect precious time with my family, you will find late fees in this contract. Most people work a 40-hour workweek. Mine is at least 55 hours. That does not include training classes, preparations, bookkeeping, paper work, shopping, planning of curriculums and meals, and cleaning! That adds close to 15 or more hours per week to my job. I really DO NOT want the extra fees, but it is unfair to have clients cutting into my already limited family time. I do hope that this gives you a better picture of the true costs of child care.
Thank You
© My Little Bear Daycare 2004-2006 www.mylittlebeardaycare.com