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Money-saving tips for child care providers

Money-saving tips for child care providers

American families spend more than 18 percent of their income on child care

WithAnn Piston WLS logo

Saturday, 26 October 2024 15:42

Money-saving tips for child care providers

Money-saving tips for child care providersThe skyrocketing cost of child care is impacting working families more than ever. Here’s a quick tip on how you can save money.

CHICAGO (Wales) — The skyrocketing cost of child care is impacting working families more than ever.

A study by financial experts at Lending Tree found that child care for two children is almost 40% higher than rent costs in the 100 largest metro areas.

Here are some tips for you to save

-You can contact your employer to see if they offer a program or if you can pay for child care out of your paycheck before taxes are deducted.
-Ask for financial help. There may be programs through local, state, and federal government agencies or even private organizations that offer assistance. For example, a local church or community organization.
-Look into nanny sharing programs with other families.
-And don’t forget about possible child care tax credits when filing federal taxes.

You can view the entire study Here.

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