The cost of child care continues to rise.
News 12's Kristie Reeter has The Real Deal on the increase,
the impact it's having, and her personal tricks on saving money on day care.
"Child care nationwide is up about 3.2% year over year.
In the state of New York this translates to infant care to about $15,394 per
year, or $1,283 per month, if you are looking at child care that is $12,358 per
year, or over $1,000 per month," says Caleb Silver of Investopedia.
Shanequa Charles opened a community-based center in the
Bronx during the pandemic.
"A lot of the programming we offered at Miss Abbie's
Kids had to do with young people being in our presence, while their parents
were not in our presence. The majority of what we offered to parents for their
young ones came free of cost," Charles says.
Charles says rent and other expenses were high, and
ultimately they had to close their doors.
"I think it is a responsibility of us all to continue
to put pressure on elected officials that have the capacity to lighten the load
on parents so that they can focus on family time," she says.
Here are some tricks from Kristie:
First, take advantage of the dependent care, flexible
spending account if it is provided at your work. This money is taken out of
your paycheck before it is taxed, put into an account that you can then use to
pay for child care, pre-school and before or after school care.
Next, if you are flexible with the care you need, find a day
care where you can go part time, so you are paying for just the hours you need.
Another trick, put the day
care payments on a credit card, if you are paying the card off each month, this
could result in a lot of credit card points for things like travel, headed your
way.