Two Parents & A Podcast
Breaking down our joint finances, childcare & college fund (our "money talk" pt. 2)
13 Feb 2025
Chapter 1: What financial changes did you experience after having a baby?
It was.
And then all the things came out and it said two parents in a podcast.
Yeah, well.
A little confused.
Julie and Priscilla told us that we were choogy if we did pod. So here we are with podcast.
Okay.
I don't know whether or not.
I actually think I disagree with that, but that's okay.
I don't know if I should have pushed back or not, but nonetheless. All right. Well, here we are. Here we are. We got steamrolled. You guys, today is... the finance episode where we're going to talk about our finances, nanny versus daycare costs, future planning, things we've done for Tate investment wise.
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Chapter 2: How much does childcare really cost?
We did. We literally forgot the entire pump parts, all of them. So that made it interesting. Now my milk supply is down. I also think altitude had a lot to do with it. But also, losing the AirPod was frustrating. Okay, back in the day, if I was flying and I lost one single AirPod, I think I would just be annoyed at myself.
But I'm not that annoyed at myself today because it's like I had a baby in my lap. Like the AirPod was just – I remember looking at you and being like, I can't find my AirPod. And you're like, get over it. Get over it.
It's so annoying though.
Well, you also lost an AirPod.
Yeah. Yeah, I'm very annoyed.
We each have one AirPod. But I did the Apple delivery this morning. I woke up. I said, I'm not going to let that keep me down. I said, Harrison, you want some new AirPods or not? And he said, no. He's giving me the move it along. I think it's interesting. Okay, fine. We went to a Jewish wedding. It was my first Jewish wedding ever. Mazel Tov. Break the glass.
It's not my first Jewish wedding, actually, now that I'm thinking about breaking the glass. I think I've been to two.
Okay. Okay.
Yeah, been to two. Never paid attention to the glass breaking, though. Shatters into a million different pieces, and the whole point is you're never going to be able to put it back together.
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Chapter 3: What are the costs of a hospital bill?
I was once at a Jewish wedding, and the guy missed the stomping. It took him either his third or fourth try, and he was a big guy, rugby player, and he couldn't get it. He was too nervous.
Oh.
Yeah.
Chapter 4: How are you planning financially for your child's future?
I didn't know if he couldn't see it.
There's also a bigger story about that guy. That guy was actually discussed at the wedding in not the greatest light, but we're not going to go down that path.
Well, no, we weren't until you said that.
No, we actually can't.
No, we won't go down that path, but we wouldn't have even known that about that guy.
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Chapter 5: What unexpected costs have you faced in parenthood?
Chapter 6: What financial advice do you have for someone turning 30?
Chapter 7: How do you manage joint finances as new parents?
It was.
And then all the things came out and it said two parents in a podcast.
Yeah, well.
A little confused.
Julie and Priscilla told us that we were choogy if we did pod. So here we are with podcast.
Okay.
I don't know whether or not.
I actually think I disagree with that, but that's okay.
I don't know if I should have pushed back or not, but nonetheless. All right. Well, here we are. Here we are. We got steamrolled. You guys, today is... the finance episode where we're going to talk about our finances, nanny versus daycare costs, future planning, things we've done for Tate investment wise.
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Chapter 8: What are your thoughts on the costs versus benefits of a nanny share?
Yeah, well, I think we definitely will. We just haven't. The update there is there is no update. Okay, so now let's go into current things, costs, etc. The first one we're going to do is how much is a nanny versus how much is daycare with a burp. So we have our nanny share. Okay. And a lot of questions are, how did you even find your nanny? We found our nanny.
We probably interviewed eight to 10 nannies through a nanny scouting service. Um, here it was called. We didn't find one through that. We ended up finding her through a daycare that was closing down. Our neighbor down the street had some resumes from there and we found Maria through that. And Maria is like reading her a book right now. We got a video earlier in Spanish and I absolutely love it.
So our neighbors have a baby that's two weeks younger than ours. We do the nanny Monday, Wednesday, Friday here. Tuesdays and Thursdays, they go over to their house and we split the cost directly down the middle. So she's $30 an hour. So $15 an hour per family. And we have her from eight to four. So we have her eight hours a day, five days a week. So I know it's $7,200 every three months.
So it's $28,000 a year. Each. Each, yeah. Okay, so that's how much the nanny is for the nanny share. Now, daycares around here, did you know the average cost of daycare in America is $300 a week?
That seems really expensive.
I thought so too. But that's what I said.
But I need more context on that number.
That's just what I said, the average cost. I was like reading about it. So the daycares that we've looked at around here in Austin, the one that Tate can start... she'll be a baby shark when she's one years old. We looked at a Montessori, which was $15,000. We're not doing that one. We looked at, it's just like a private nonprofit school.
It's $6,000 a year, so that's obviously a lot cheaper than the nanny is. And so there's different ways, though. You can look at it. But the reason we wanted to do the nanny share was we wanted her home the first year. But the good news about the nanny share is she's still around our neighbor's baby. She still gets out of the house two days a week, and she's here three days a week.
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