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The Complete Guide to Determining
Your Nanny Budget
The very first step when beginning the nanny hiring process is to match your expectations to your budget. Seems easy enough, right? You know what kind of nanny you're looking for and you know what you can afford. You advertise the job, find your dream nanny, and the total you spend each year is right around what you hired your nanny for. Unfortunately, that's not it, and I'm not just talking about employer taxes which alone significantly bring up the total annual cost.
This guide will help you navigate the initial steps of hiring a nanny. We will cover how to determine market rates, what causes nanny rates to go up, how you can reduce the rate if it's not in your budget, and how to factor in "hidden costs" that come with employing a nanny the right way. And trust me, doing it the right way is the only way if you want a longterm, happy nanny who genuinely enjoys working for your family.