I'm due with our 3rd in may. DH and I currently are paying 2000/month in preschool bills for our girls (2.5 and 4), and 1200 in rent (2 bd, 1ba, tiny apt in boston). We're very quickly outgrowing our apartment and are in desperate need of a second bathroom (why, oh why, does dh have to sit in there and read SI/novels/economist? isnt the couch comfier?!). We're looking at taking the girls out of preschool and having them with the new baby somewhere either at an in-home daycare or a live-out nanny. We're anticipating these costs to be probably more than 2500/month (meaning at least 3700/month in daycare/rent)
With that amount of money spent on daycare costs... would you consider buying (or renting could work, I suppose) a MUCH bigger place and getting a live-in or an au pair?
Re: need help-re: au pair, nanny, daycare thoughts...
I think the live in aspect will make your life easier but I think you have to consider that your 2.5 and 4 year old are going to have to go to preschool even if you have an au pair so you need to consider the combined cost. We have 3 and are considering an au pair but we are going to have to pay $400 a month for our son to do full day kindergarten and we work too many hours to do 5 days a week for the baby (au pairs can work only 45 hours and we are out of the house from 8-6 most days) so it will probably cost us something like $500-$700 a month for the baby as well. So overall we will end up spending an equal amount on either - but the convenience of having someone in your house who can do some laundry, cook for the kids, etc is definitely a positive to think about.
good point- dd has another year and a half before kindergarten (she missed the cut-off by a few weeks). we would like to keep her in preschool for at least a few mornings a week to get some socialization/preparedness.