Originally Posted by daycarediva:
Uh, no. 1,500/ month profit after CHILD CARE EXPENSES (food, insurance, supplies) that would be a person's entire monthly salary. Not their SAVINGS.
1,500 is povery level here, it wouldn't even pay the mortgage on my modest home. "Dancing all the way to the bank" hardly.
Exactly. That profit pays for the portion of my mortgage that daycare doesn't cover, my family's groceries and medical expenses, clothing, gas, entertainment (HA! as if there is time for that!), school expenses, school transportation, utilities that daycare doesn't cover, car payment, insurance, etc. etc. That's salary. Anything that would be left could be saved, but no one making $1500 a month profit has money left to save.