We all know that inflation is making our everyday expenses cost more. But how can you save money on childcare which can be a huge monthly expense? Consider a nanny share which can save you thousands of dollars in childcare costs annually.

First, what is a nanny share?

A nanny share is when two or more families that live in roughly the same neighborhood decide to hire a nanny to care for their children. In most nanny shares, the families switch off on hosting duties where one family will host all of the children and nanny for one week and then the hosting duties will switch to the other family for the following week.

Currently, it is costing the average family who lives in a large city in the United States about $22-$27/hr to hire a nanny to care for one child. And the rates go up from there if you have two or more children.

With a nanny share, you can expect to pay about 33% less for childcare or about $16-$20/hr per family for one child. As you can see, the nanny’s hourly rate is split between two families instead of in a traditional nanny relationship where one family is responsible for the nanny’s entire hourly rate.

In this guide, we cover:

– What Is a nanny share?

– Why choose a nanny share?

– How much does each family pay in a nanny share?

– How do you find a nanny share nanny?

– Should you find a nanny or a family to partner with first?

– The pros and cons of nanny shares