How Do You Afford Daycare For Second Child?
• Look into getting financial assistance for your second child’s daycare expense. Check with your employers and ask if they offer a Dependent Care Account, which is similar to a Flexible Spending Account, in which you can put away funds via your paycheck using pre-tax dollars. Consider applying for government-subsidized childcare services, as another option. You may qualify for childcare subsidies or reduced-price daycare, but you would have to apply to see if you are eligible. • Ask your current daycare provider if they can give you a break in costs for your second child. Oftentimes, they do this anyway. If that break is not enough, see if you can volunteer your time and help at the day care or donate food to get an even better rate. If you have the ability, offer to provide administrative services on your own time and at home, such as putting together their newsletter or maintaining their website. • Consider hiring a student to take care of your children from your home. The cost of h
