I’m sure that by now a lot of families who are in the market for a nanny have at least heard of the term ‘Nanny Share’, and have found themselves asking, ‘is this something that would help my family?’
A Nanny Share is the most affordable way to employ a nanny. This is because when you’re sharing a nanny, you aren’t the only family who is employing that nanny which means you can ‘share’ the cost. Each family typically pays two-thirds of the average rate!
Saving some money isn’t the only benefit of having a Nanny Share. Your children can have the same social benefits that come with daycare services, but there is more attention provided to each child. They can also foster strong friendships with other children while improving their social skills too.
To summarize the advantages:
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Childcare becomes more affordable
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Personalized care
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Meaningful socializing for your kids
On the flip side, there are also drawbacks that come with setting up a nanny share, and as great as the advantages are, the disadvantages need to also be considered. The first difficulty that comes with a nanny share, is actually getting one setup. You would need to find both a family and a nanny, all of whom must get along and be satisfied with the situation. This also means that you would need to share the responsibility of managing an employee with another family.
The other difficulty of having a nanny share is the finances. How the finances are handled can depend on a number of things such as the number of children per family and deciding how to split the costs based on which hours of care are required. However, you choose to handle the finances, you need to always make sure that you are paying your nanny in accordance with tax and overtime laws.
To summarize the disadvantages:
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Can be tricky to get set up
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Managing the finances
With those things considered, if you find that a Nanny Share is right for your family, you’re in the right place! Both the site, NannyLane.com and these forums are two excellent resources for all things Nanny Share. We’ve also got a great team here at Nanny Lane that can assist you with paying your nanny so that you don’t have to worry at all!
Got any questions about Nanny Shares? Post em in the forums! If you’ve got thoughts about this post, let us know in the comments section 