January 2, 2009, Newsletter Issue #148: Nanny Fees

Tip of the Week

The expected salary for a nanny is from $300 to $700 a week depending upon age, experience and expected duties. The work week is five days, 10 to 12 hours. Live in childcare can cost the family $15,000 to $20,000 annually and should be considered a budgeted household expense. Many families are now sharing nannies with another family to make the process more affordable.

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