Day Care Costs Don’t Have to Send You to the Poorhouse
Congratulations! You’ve just had a baby. Or perhaps, circumstances require you to return to work. Either way, the need to get back to work and the mounting pressure of wondering what you’re going to pay in daycare costs is likely causing you to lose sleep. But it needn’t be so. Keep in mind that your child continues to grow and in about 4 years your daycare costs will begin declining as your child enters school. As more time is spent in school and after school activities, less time will be spent in daycare. Even though it is a small percentage, child care expenses are deductible off your taxes. Other ways to combat daycare costs include rearranging your work schedule if at all possible, sharing child care with your spouse or partner, and finding a telecommute job so you can stay at home. Relatives or family friends can often help out. High school or college students are also a source worth looking into. If you live near a large college, it may be profitable for you to place an ad