childminders, what do you earn, advise needed please

[pinkdaffodil23]

Hi everyone
I currently work as a nanny. I'm trying to plan what I'm going to do when the children I look after are all in school as I don't think I want to carry on nannying.
I've thought about going back into nurseries which is where I started of but there is such a drop in wage. I've thought about being a teacher assistant or childminding but I'm just not sure.
I did consider midwifery or play therapist but they would both require going back to university for 2-3 years which I don't want to do.

I have my Ba honours in early childhood studies and am looking at doing the Early years teacher. If it helps I'm in Derbyshire.

My concern with childminding is the couple of people I've spoke to said they take ??400-??800 a month home, is this normal? What do you take home per month.

what extra training would i need to do and how long does it take to register.
Thanks everyone

This is the 'how long is a piece of string?' type of question. It really depends where you live and if there is a need for childminders in your area. If there are no childminders and lots of parents wanting childcare you're going to be full and earning lots very quickly. If there are more spaces than parents with children wanting them then you're going to be earning nothing.
Beginnings can be slow and income low. My first month of childminding I only made ??300 after all the expenses. And when I finally gave up (4 years later) my profit was near 50k/year but this meant I had a full time assistant and 18 children daily which was crazy, exhausting and totally not worth it in the long run.
Best have a feel for local market to see if more childcare is needed and look at what others charge to see if it is worthwhile. Registering takes time and money so do it with your eyes open.

Lovely nanny said what I was thinking when I read this. I only had one mindee for the first six months, but have rarely had a vacancy since. The area I live in had a shortage of childcare, so I'm lucky. 3 miles away childminders have no work, because there are lots of them and they're not on a main commuter route. Their rates are 1/2-2/3 mine.

I earn below the tax threshold - around ??600-700 a month by the time all expenses are taken out. I do have 3 children of my own though which limits how many spaces I have and also means I incur extra costs at times i.e. if I'm taking mindees to soft play I have to pay my own kids in!

I could probably earn double that if I didn't have kids as there's lots of demand in my area.

Why do you not want to carry On nannying but still look after children and be a cm

Cm have so much paperwork and loops to run through / plus uncertainly of how much you earn

Your home will also not be yours anymore

You will be se so no holidays sick pay or smp

I work 3.5 days a week (3 full to capacity & 1 half day with just 1 before school & 1 early year until lunchtime) and take home around £1,500pcm BUT I live in an area with a decent hourly rate (£6-6.50) and only have 1 child of my own who is at school counting in my numbers so can have 3 eyfs plus 2 schoolies.
If I halved my hourly rate as it is in some areas plus added a pre-school child of my own then I wouldn't childmind as the financial gain isn't worth the amount of work not to mention intrusion on your own home & family.

I'm in the West Midlands. I work a 45 hour week and last year earnt under £700 a month after my expenses were taken off. I was previously a nanny before I had my own dc and once mine no longer need picking up from school I will maybe try to go back to that. Childminding is great to fit around your own family and there are perks but the pay is rubbish and my house is full of toys, pushchairs and car seats that my dc haven't used for months/years.