I've seen a number of articles stating that daycare costs more than college. I'm not sure about that, but it's pricey indeed. We have reduced our nanny's schedule to three work days a week, for $240/week, while I am not working. This arrangement gives me three days a week to focus on my job search, while saving us $640/month for typical months and $800/month for longer, 5 week months.
We choose to go with a nanny over daycare for a few reasons:
- We love the personal attention that our kids receive
- We can come home anytime to see our kids
- Using our home security camera system, we can check on thing remotely