Would you like to add up more money in your individual savings? If you are a parent looking to minimize your huge monthly babysitting expenses, a babysitting coop membership is one hidden gem that you haven’t found yet. If you are not familiar with babysitting cooperatives, you are seriously missing on information that may greatly change your life.
The cost of babysitting is very expensive. The salary of a babysitter will only increase over time and if you do not try to explore viable options such as joining a babysitting coop, you are just digging yourself a deep financial hole. On a typical scale, a nanny usually gets an income of $10,000 to $29,000 a year. This figure is simply for entry-level nannies according to the website Payscale.com. While the numbers seem to be quite big, the data are in fact very accurate because Payscale.com is among the most reputable websites when it comes to providing salary information. From this alone, you can already deduce that hiring a babysitter is synonymous to overspending.
Hiring a babysitter is a very convenient thing to do especially for busy parents. There is nothing wrong about getting a babysitter to look after your kids if you can afford to pay for it. But if you have the power to choose between spending $50 a year and spending $30,000 a year, would you not choose the first option because of the big discrepancy?
At the minimum, the amount that you have to pay in order to become babysitting coop member is about $15 to $50 dollars. That amount already covers 1 whole year and there are usually no fees added after you pay for your annual membership. Compared to the $6 per hour hourly salary of an average babysitter, paying $50 for 1 year is quite small. As a matter of fact, a yearly babysitting coop membership is only equal to your babysitter’s daily wage. This is the big difference between hiring a babysitter and joining a babysitting coop that many working parents fail to recognize because of the lack of information.
Babysitting cooperatives are valuable alternatives that you cannot just simply ignore. Yes, you might need to invest a bit of time and commit some extra work once you decide to join a babysitting cooperative. Babysitting for other members and attendance in monthly meetings might consume a bit of your time and that is not a hidden truth. Yet, if by joining a babysitting coop you can reap a minimum of $10,000 a year worth of savings, isn’t the added effort worth the benefits?