Daycare Income And Expense Worksheet: Fill & Download for Free

My recommendation is to take a longer term approach with the next paycheck.Write out your annual expenses and income. If this paycheck is typical, multiply it by the number of pay periods in a year to find your annual income; monthly rent times 12; etc.Make a plan for this paycheck that includes saving towards this month’s expenses and the next six months or so of expenses. If you get paid every other week and pay rent every month, save half the month’s rent from today’s check just for rent.Check that your withholding is correct. There is a withholding calculator on irs. gov. With your pay stub in hand, fill out the worksheet.Go to your local library and check out some books on budgeting. Total Money Makeover is a how to book with some good advice for getting ahead of the paycheck to paycheck lifestyle. There are some templates available in the appendix that you can photocopy or use to model your budget using pencil and paper.When I first went back to work after my second child was born I was in the midst of a divorce. I felt like I lived paycheck to paycheck. I was paid weekly. The first week covered my income and payroll taxes. My second paid the health insurance and daycare. My third paid the mortgage and real estate taxes. The fourth paid the lawyer fees. The fifth, which only happens every third month, was for everything else.That only lasted for a year. I was permitted to move and sell the house. I was no longer adding more fees to my legal balance. My children’s childcare costs went down because they got into the next higher kid to teacher ratio classes. I got a raise.Good Luck!

So I don't know what State/county you're in, but most of the places I have lived, the county has a child support worksheet online to help you estimate child support. You plug in your income for the last three years and bonuses and raises and commissions and you plug in your ex's data. You plug in what you would pay for health insurance for yourself and for yourself plus kiddos, same for your ex. You plug in daycare costs, and if you or your ex pay child support for any other kids. You average the three years of income for both, say it works out to 3k and 7k (most people make way more than that, this is just to show the simple math). So then, the person with the 3K makes 30% of the child support, and the person with the 7K make 70%.The federal healthcare administration has a worksheet that says for a family with two children, and the parents make 10K combined, you would expect each child to receive (maybe, rough numbers for the sake of Simple math) 1.5K in support, so 3k total for both kids. So the person with the 3K is responsible for 30% of that, or $900, and the person with the 7K is responsible for 70% of that, or $2,100.Now, lots of States take into account how much time each parent spends with the kids. So if the non-custodial parent spends at least 90 overnights per year with the kids, in my area, then they get a 10% reduction on the child support they have to pay, to help offset their costs during their time with children. So they would pay $1890 to the other parent, and the custodial parent would be expected to pay $1, 110 toward the care of the children.Frankly, the federal government has all kinds of rules about how the paying of Child Support cannot put the non-custodial parent below the federal poverty line unless they were already there. The primary goal of Child Support is to make sure that the children maintain the same standard of living as if both parents were still together.If either parent remarries, or moves in with someone, then the new partner’s income cannot be counted, but there can be an additional burden on that parent's portion of the expected child expenses, because they are getting benefits from sharing their living expenses with another person. So if the custodial parent moves in with someone, then the custodial parent may now have to pay a full $1500, because the benefits they are receiving from sharing their living expenses works out to be approximately $390.Of course, this is all hypothetical. A judge can actually order you to either cough up the extra money for the child care, or find a cheaper child care. Generally, they cannot force your co-parent into poverty because you have to go to work now and your child needs full-time childcare. Child support is not intended to pay 100% of a child's needs. The custodial parent is expected to pay a certain portion of those expenses.There are extenuating circumstances for everything, of course. So, for example, if the non-custodial parent is also paying child support for another child to another parent, and that child support order was filed first, then their child with the other parent may receive $1,500 in child support, and your children would now receive less in child support, because the other parent's income is reduced by the amount of child support that they pay for the other child (now your children are working with a combined income of 3K from one parent and 5500 from the other), which means that you pay 35% of the 3,000 due, so $1050 and your co-parent would only be responsible for $1,950, except with the 10% discount for having more than 90 overnights, your co-parent is now responsible for $1,755, making you responsible for $1,245. Except if you are living with a new partner, then you are still responsible for approximately $390 of living expenses that you are getting as a benefit from living with someone else, so you would actually pay $1,635, and your co-parent would only be responsible for $1,365.So you see how that works? And I haven't taken into account that either parent gets a discount for providing health insurance, because if your kids' parents' total income is $8,500, then your kids are on Medicaid, and both parents will be responsible for cash medical support, which is generally, at that poverty level, $90 per month (our state minimum) from the non-custodial parent, and the custodial parent will be expected to pay also $90 in cash medical support, Plus, usually, the first $100 per year of medical expenses, after which all medical expenses are usually split 50/50, no matter the income disparity between the parents.At least in my area, but I am not a lawyer.Now, all of that to say... If you and your co-parent have negotiated any parts of your agreement, this is also something that is up for negotiation. If your co-parent is capable of paying that amount per month, then work with them and see if they will. After all, they do not want your child staying with the next door neighbor who gives pot to her cats all day, any more than you do, at least I would hope! All of the courts, and every place I have ever been, agree that the very best outcome for your children is if you and your co-parent can work together to make an arrangement. So hate their stinking guts all you want, if you need to, but do not let your children suffer for it because they will spend time with that parent, and they need to be able to have toys and games and clothing and food while they are with that parent, not only when they are with you.Be calm, be reasonable, and seriously, good luck!

I would seek a private home where your baby gets one on one care or a nanny who came into my home. Having been in charge of programming for Day Care centers I know how fast they turn over employees and I also know, that despite the cameras, that babies get ignored and can, sadly, be abused.Child-care workers are not there to love your baby. That is not what they get paid to do.A baby needs a lot of love. You can’t just give them love after work; they need it all day long.Child care center workers are there to give children basic care in a kind way.You might want your baby to get a lot of one on one time however, that will not happen as the ratio of babies to care-givers is higher than that.So, do not expect your baby to get picked up right away when it cries, changed as often as you would like, or to be fed immediately when he/she is hungry. Care-givers can only feed one baby at a time. Change one baby at a time and hold one baby at a time. Your baby will learn to wait and that can make infants feel insecure as having their needs met as soon as possible teaches them to trust that their needs will be met. When that happens a baby grows secure and is less fussy.I had to leave the industry as I could not take seeing all these young babies crying as they waited for their turn. A three-year-old can wait; a two-month-old should not have to.Some people brag that their babies do not cry very much after being in a child-care center thining which means they have a “good baby”. But, that is not what it means. It means that the baby has learned that crying to get held, to be changed, to be played with, or to get their diaper changed did not work so they simply stop crying as much.You see this happen with babies in foster care as well.Do not think that just because a daycare center has cameras that your baby is not being called rude names you cannot hear or is being pinched where you can not see it. I am not trying to scare you I am telling you what goes on that they will not admit to. Part of the reason turnover of child care center employees is so high is that even though they screen potential workers some who are not good care-givers do get hired.A study done has shown that parents, who were in child-care centers themselves as children, are now choosing to not put their children in such care. They are choosing for the mother (or the father) to be a stay-at-home parent that cares for their own baby. I find that interesting.If you can stay home with your baby as long as you can. That way you imprint on your baby; not rotating strangers.If you can’t do that then work opposite your husband’s schedule so one of you is almost always home with the baby. Perhaps a family member can watch the baby when both of you are not available.Or, work part-time and spend as little time away from your baby as you can.Babies are not little adults. They are babies. Babies learn from those who care for them the most.If that is not you, then your baby is going to learn from others and you cannot stop that from happening.If you choose a child-care center you have to hope their turnover rate is not high. They will tell you it is not but that is because they do not want any negatives to be known.I can’t tell you what I would look for in a center as I would not be looking for one. The ones I worked for were expensive and still, there were problems.My own daughters stayed home with their babies after seeing childcare centers from the inside out. One is a Realtor now; a job that allows her to make her own schedule and put her baby with family when she does need to work outside the home.One thing I tell parents is to make up a worksheet where they list all the expenses that come with the mother working and the baby being in daycare.Those expenses are everything from gas in her car, maintenance of her car, clothes, lunch-time meals, fast food meals for dinner, day-care costs, etc.I tell them to take that number and subtract it from what the mother brings home, after taxes and any other deductions.They take a look at that number so they can decide if the mother working, outside the home, makes sense financially.I have seen women working and putting their baby in daycare while only bringing fifty dollars or less of added income to the family after expenses connected to her working are deducted.I then advise those women to find something to do, from home, that pays.I have seen some very creative women who work from home, with their baby and end up making more than they did at their office jobs.I hope you find what works for you and your family.