Jump to content

FDC Mums - is your business worthwhile financially?


  • Please log in to reply
6 replies to this topic

#1 Pompol

Posted 26 December 2012 - 09:01 PM

Earlier this month, i was lamenting some struggles at work to our fdc mum. She asked me if id considered doing FDC, as I worked in child care once upon a time, have a cert 3 already, and have a fairly large new house with a dedicated kids area.

I did email our local FDC coordination people and got an info pack, today I finally read it.

I just don't understand how FDC is financially viable for anyone with kids of their own? What am I missing?

Our FDC mum is the most expensive in our town, and charges $9/hour. She pays $0.65/hour to the coordinators. Her own kids are grown up, so she has 5 fdc kids at all times and a minimum of 8/hours/day so I can see how this is worthwhile for her.

But from what I read today, from 2014 the ratio is 1:4 for under 5s. So for someone like me, I would only have 2 kids in my potential FDC above my own 2.

Say I also charged $9/hour, minus $0.65 to the coordination people, that's $16.70 per hour I can earn. Out of which I have to pay additional domestic overheads like electricity, craft supplies and toys and equipment, insurances, not to mention my own tax and super, and then do all of my own business admin stuff outside of those hours.

I really do get that it's not something you do to earn big bucks (nothing in child care is!), but how is that financially viable for anyone?

Am I missing something? Will all FDCs raise their rates when the new ratios kick in?

I always thought the scenario where a FDC mum had her own kids at home wasn't uncommon, is that not actually the case?

Thanks in advance !





#2 SplashingRainbows

Posted 26 December 2012 - 09:09 PM

Don't do fdc however some things to consider:
- you dont have to pay for cc for your own children. If you calculate the cost of working then deduct childcare you might find you can add more to the family pool of money by doing fdc over other jobs.
- you may have less travel costs than to an out of home job
- you might want to consider whether you could offer a "niche" service for shift workers by working either late hours or weekends. If your partner had your children could you have up to four in your care? Might be worth trying to think of possibilities like that?


#3 whatnamenow

Posted 26 December 2012 - 09:26 PM

For us it is financially viable.  and we have 4 children but only 1 under school age.  However....  Do your sums,  we worked out we could work 8am-6pm with 4 under school age ( as long as DH is in the house DD doesnt count in our numbers and the school aged children dont count till oct 2014) or for the same money we could have 7 school aged children in before/after school care and work about 5 hours a day ( 7am-9am and then 3pm-6pm)  so we chose to work with school aged kids only.  Our biggest winner is vacation care when we can have 7 children a day for a full day of care.

I also know of carers that only work fri/sat nights for mum wanting date night/night on the town. In our town about $80 per child is pretty standard for an overnight x 7 x 2 nights.....

Alot of things are then a tax deducation too which can then help with what you receive from centrelink etc and help give you more net 'income'.  Happy to chat further via pm if you want too..

#4 Pompol

Posted 27 December 2012 - 07:06 PM

Thanks for your replies ladies! I hadn't considered a few of those options, esp the savings on our own day care which is $400/week out of pocket at the moment,  won't rule it out just yet original.gif

#5 WOJAH

Posted 04 January 2013 - 10:52 PM

You don't pay tax as all your expenses are a tax deduction, if you have the right accountant you can claim so much that everything you earn goes into your hand, which therefore also means you can get higher FTB with centrelink because it doesn't actually look like you have an income, just some of the things you can claim as expenses are:
• percentage of rent or mortgage• percentage of rates• percentage if gas & electricity• percentage of home phone and mobile bills•percentage of car expenses • toilet paper / wipes•laundry liquid• paper towel
The list is endless and I can't really think tonight but its definitely worth it.


#6 TeaTimeTreat

Posted 04 January 2013 - 11:02 PM

For me it wasn't, also even though it was nice to be with my DS it was hard for him to cope with me giving lots of attention to other kids.

Also the paperwork was insane and you have to do ongoing training as well.

#7 IShallWearMidnight

Posted 05 January 2013 - 02:40 AM

interested too




1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users

 

Australia's top baby names of 2014

The numbers have been crunched and it's official: Australian parents are having a bit of an 'O' moment.

As a guilty mum: the best advice for treating head lice

Just like a horror movie ... THEY'RE BAAAAAACK. So what works in treating and avoiding head lice and nits?

No, having a dog is not like having a human child

It's obvious these people dote on their pets, but they're barking up the wrong tree.

Confirmed: Kate Middleton is in labour

The Duchess of Cambridge is in the early stages of labor at St Mary's Hospital.

Baby-led weaning worked for us

My baby wasn't interested in food - until we tried something new. Now she's eating it all, and it often comes from my plate.

Parenting an early walker

Watching your child take their first wobbly steps is one of the best parenting highs you'll ever experience. But with that high comes a new reality.

Overdue and over it

A watched womb never labours ... or at least mine didn't.

Seven questions you should be asking about your health cover

If the last time you assessed your health cover was five years ago, there?s a chance it may no longer suit your needs. To ensure it?s still right for your family, click here for seven questions to ask.

'Paralysed bride' becomes a mum

Rachelle Friedman Chapman was preparing to marry the man of her dreams when tragedy struck four years ago.

Why the royal baby will look more like Prince Philip than Prince William

No matter what the occasion the world always seems to be waiting for Prince William and Kate Middleton.

Surprise baby born on toilet

Discovering your wife has just given birth on the toilet would be a surprise for anyone. But the shock would be even greater if neither you or your partner knew you were expecting a baby.

5 spooky photos with babies and children

These five photos show some ghostly images - but are they real? Do you believe in the spirit world?

Does it matter how much time you spend with your children?

Does spending more time with your kids help their development? This is a more complex topic than it may seem.

Rare condition diagnosed during optional scan

A mother who opted for a 4D scan late in pregnancy discovered her unborn baby had a rare brain disorder.

Cleveland captives speak about their decade of terror - and their futures

"I think we were just tired of people talking, trying to tell our stories, and they had no idea, no clue, what we went through."

Proof it's impossible to not join in a toddler's laughter

They say laughter is the best medicine. If that's true Tom Fletcher and his son should live long, healthy lives.

How I really feel about my drug-free birth

Do I feel 'smug'? No. Nor do I feel remotely superior. Each birth was valid and valuable in its own right, producing, as it did, a healthy baby.

How to talk about your pregnancy at work

The workplace isn't always a friendly place for pregnant women. Yet working women inclined to conceal a pregnancy from prying coworkers may be better off opening up and carrying on, according to a new study.

Tell us your story to win!

To celebrate Mother's Day this year we are giving you the chance to win one of five great prizes simply by telling us your story.

The Goss

Sonia Kruger: 'One baby is enough'

The popular TV host has no plans for a sibling for her new daughter Maggie.

Where to get help to help your baby sleep

There is so much pressure about having a baby who sleeps 'all night' , it's no wonder you worry about your baby if she wakes in the night.

 
Advertisement
 
Advertisement
 
 
 

What's hot on EB

Playtime guide:

A new area on our site for all your playtime and learning fun with baby - specially brought to you by Fisher-Price Play IQ?. PLUS your chance to win a year's supply of toys.

Celebrate being a mum with Offspring

This Mother's Day, treat yourself to possibly winning an ultimate Mother's Day gift pack valued at $250 including the Offspring Box Set. Enter now!

Vintage baby names having a comeback

What makes some names have comebacks while others silently fade into oblivion? A few factors come into play.

How to play with your newborn

Even though they're immobile and can't speak, there are plenty of ways you can engage and communicate with your newborn to stimulate their physical, cognitive and emotional development.

Mum of six faked cancer to get donations, police claim

Elizabeth Edmonds' husband posted some devastating news on Facebook last year.

I'll admit it: I have last child parenting fatigue

If you're a new mum and feeling ignored by the older mum/the old hand/the has-been, please know, it's not you, it's me. Blame the last child parenting fatigue.

Cobie Smulders speaks about her battle with ovarian cancer

The 'How I Met Your Mother' star has revealed that she was diagnosed with ovarian cancer at 25 - and was told she'd never conceive naturally.

Essentials your child needs to grow

What does your baby need to grow up healthy? The experts give their advice.

Coroner warns of 'dangerous' cot

A UK coroner has warned of the dangers of a bedside cot after the death of a newborn baby who choked to death this month.

Building your baby's emotional and social skills through play

Babies are social beings who enjoy being around people they know and love, especially you.

Why suicide prevention is everybody's responsibility

Everyone agrees we need to do more to care for people at risk from suicide, the problem is what.

Exhaustion is not the same as tiredness

Having a new baby isn't tiring - it can be downright exhausting.

Five posterior babies, four home births

I was on a high. I'd done it all by myself with no help from anyone.

Mum's list of birthday gift demands goes viral

We're big fans of kids' birthday parties - but this is one bash we're glad we didn't get an invite to.

Kate Middleton to receive 'loyalty discount' for second birth

Everybody loves a bargain - including the Duchess of Cambridge.

Fish & chip shop owner's sad note goes viral

A lengthy note put on the window of a fish & chip shop has gone viral due to the writer's serious doubts about the romance of travel.

Pregnant women need good nutrition advice, not judgment

Pregnant women are under pressure to do all the "right things" to have a healthy child. It results in women feeling judged about their decisions.

William Tyrrell's mum speaks out: 'We hope he is still alive'

The mother of missing toddler William Tyrrell says she has a vision that somebody "picked him up and moved him on ... that's the only way ... to explain for him not to be there".

Family comes first for 23-year-old Tommy Connolly

Most 23-year-old blokes spend their hard earned cash on fun times with mates or romantic dinners with their girlfriend, but not Tommy Connolly.

Newborn all-girl quintuplets 'doing great'

The first all-female quintuplets born in the United States were delivered last week, at 28 weeks and two days.

53 creative pregnancy announcements

Announcing that you're expecting can be a time to express your creativity, sense of humour and imagination. Check out how other parents and parents-to-be have broken the news to friends and family.

IKEA hacks for the nursery and kids' rooms

Are you one of those that know the whole IKEA catalogue by heart? Love their stuff but want to personalise it? Here's some inspiration to help you realise the potential of IKEA furniture and fittings.

 

Top baby names

Baby Names

The numbers are in and we can now bring you the 2014 top baby name list for Australia.

 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.