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Paid childcare

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Original poster

Minimum £72k salary required to allow me to take home same as my 19 year old nanny

266 replies

knakered · 10/02/2007 10:02

Nanny nick has done the "big sums"...so we need to earn £72k to to take home the same as my nanny - lets not get into disposable income...4 kids/mortgage etc...vs living at homewith parents ..ho ..hum..

OP posts:
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ScottishThistle · 13/02/2007 11:01

OMG!...Does that mean as a Nanny earning between £20-£25k a year I should be looking for a man who earns in the excess of £75k so I can afford basic costs!?!...I may as well jump off a bridge now then!

foxinsocks · 13/02/2007 11:00

£300k mortgage is about £2k a month at 6%

full time nanny is easily £2k a month

bills another £500 - £700 a month
(that's being conservative)

so that's £5k a month which is near to£100k gross.

expatinscotland · 13/02/2007 10:59

You could farm the children out to boarding schools, but I have a feeling they're going to charge you a far sight more than a nanny.

BradfordMum · 13/02/2007 10:57

You have 2 options -

1 - pay your nanny and appreciate that she's taking care of your most precious possessions.

OR

2 - Stop working and look after your own children.

Your choice.

4 kids = VERY HARD WORK.

I think you'll continue to pay your nanny and moan.

nailpolish · 13/02/2007 10:57

how much is a 300k mortgage? £1700 per month?

on top of that you could survive on another £500-£1000 with non-basics

so to round things up you could earn £2500 per month and be comfortable

thousands do

foxinsocks · 13/02/2007 10:55

how can you not agree? It's facts and figures innit.

nailpolish · 13/02/2007 10:54

fox i dont agree sorry

nailpolish · 13/02/2007 10:54

i bet she goes on holiday too

foxinsocks · 13/02/2007 10:54

£200k plus naily

so if you had a repayment mortgage of say £300K and a full time nanny, you'd certainly need a salary of near 100k to make it worthwhile

expatinscotland · 13/02/2007 10:53

I hate Fio's flawless figure and spendthrift lifestyle.

And the fact that she's only 12 and has youth on her side, too.

FioFio · 13/02/2007 10:52

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Enid · 13/02/2007 10:51

so brummie is a spendaholic?

expatinscotland · 13/02/2007 10:50

Yes, but you need that extra for holidays!

What about holidays?

Those are a pretty basic cost.

nailpolish · 13/02/2007 10:49

mortgage of 200k does not require an income of 100k

FioFio · 13/02/2007 10:48

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nailpolish · 13/02/2007 10:48

lol Enid

foxinsocks · 13/02/2007 10:48

depends on the size of your mortgage though doesn't it

if you've only recently (last couple of years) bought a house in the SE having not owned one previously, you're easily looking at a mortgage of £200k+

Enid · 13/02/2007 10:47

isnt knakered stripping at her wedding?

oh am so confused

FioFio · 13/02/2007 10:47

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ScottishThistle · 13/02/2007 10:47

I don't think anyone is hung up on your salary but how can some families survive quite nicely on £30-40k & you are struggling on £100k?...It doesn't make sense!

FioFio · 13/02/2007 10:47

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Aloha · 13/02/2007 10:45

I don't think anyone really thinks childcarers are overpaid, but the problem is their salaries are paid out of our already taxed income, which means it is very difficult for many people to afford it. Yes, children are 'optional' (though I do think it is a bit much to compare having a family to having a heroin habit) but someone has to have them! And the truth is, a lot of people are so freaked by the costs of having children (on top of the already horrific costs of property etc) that they ares simply not having any, and that is not good news for the country IMO, or even for individuals.
I think it is valid to say that the OP will, in ten years, still be earning a lot of money and have more independent children so lower childcare bills, while the nanny's salary is unlikely to have changed much, but I still think childcare should be tax-deductible.

nailpolish · 13/02/2007 10:45

"we'll just be covering basic costs on a household income of 100K"

thats why brummie

Enid · 13/02/2007 10:45

oh go on brummie post your basic costs

am fascinated

expatinscotland · 13/02/2007 10:45

It would improve, naily, with £70k more, but only if you didn't have to pay it out to nannies and that.

I mean, you wouldn't want to compromise your holidays, would you?

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