Jump to content
FDC Mums - is your business worthwhile financially?
6 replies to this topic
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 !
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?
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..
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
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.
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.
1 user(s) are reading this topic
0 members, 1 guests, 0 anonymous users
At just 37 years of age, with two young sons, Vicki was diagnosed with inflammatory breast cancer. Now her family wants all women to know the symptoms.
Pregnancy and birth is an intriguing process no matter where you are in the world. One soon-to-be father gleans wisdom from a new guide.
It’s not surprising that IVF is often seen as a negative journey towards the ultimate positive, but having a glass-half-full approach can make a big difference to the experience.
A mum explains why she and her husband are choosing to gift their leftover embryos to help strangers achieve their dream of parenthood.
Just as every baby is unique, so is every pregnancy. And that means morning sickness can vary a lot, too.
Why is it that the word ‘mumsy’ has connotations of such a negative nature – but seems to be the only other option apart from ‘yummy’?
As the waiting game of late pregnancy continues, this mum considers a few things that might hurry things up a little.
It has been a little over a month since William Tyrell disappeared from his grandmother's home, 33 long sleepless nights for his family as they mourn the absence of their cheeky young boy.
Babies born in the summer are much more likely to suffer from mood swings when they grow up, while those born in the winter are less likely to become irritable adults, scientists claim.
Suddenly single with a baby and an 11-year-old son, Tara O?Connell developed an app to improve the lives of mothers who were similarly overwhelmed.
As soon as your baby enters the world, everything else takes a back seat - even the necessities of daily life such as eating are severely compromised, right when you need energy the most.
The Live Lighter campaign will take people inside the human body to show the internal dangers of being overweight.
A new mum's first month of motherhood didn't pan out as expected when she lost a family member weeks after her baby's birth.
Facebook and Apple are hoping to provide women with the freedom to build their careers without the added pressure of having children at or by a certain age.
The idea of making a 'pregnancy contract' with your partner may sound a bit silly at first, but it can help make the transition to parenthood a lot smoother.
Burping babies vs burpees – yes, new mums and personal trainers live in different worlds. But they can work together - once you find the right match for you and your lifestyle.
Police say that an incident in which a man pulled on a woman?s pram while walking a popular Sydney route late last month was a misunderstanding.
Three weeks ago, my auntie, a midwife, developed a fever. Sitting here in Sydney basked in Australian sunshine, that shouldn't be big news.
One mum shares her frightening experience and vows to never take her health for granted again.
Got bored kids? Quickly find the best activities for kids wherever you are in Australia with the Essential Kids app.
Top 5 Articles
Capture life more easily with the Canon Powershot D30. Shockproof, waterproof and dustproof, you can take it almost anywhere and shoot beautiful images, time after time. Enter now!
I am five years into this parenting gig and I’ve learnt that sleepless nights and changing dirty nappies are child’s play.
It's nice to celebrate a child making the shift from nappies to 'big kid' undies, but do we really need a semi-realistic used toilet cake to do it? Here are some of the best and worst cakes parents have used at 'potty parties' around the world.
Plan ahead - and do it now - to ensure festive season expenses don't break the bank.
A sequel is coming soon to the 2011 hit book 'Go the F*** to Sleep' - and this time, it's about mealtimes.
Handmade crafts to decorate and personalise your child's next birthday - from banners to cake decorations, we've got gorgeous party finds from Etsy.
Creative and practical storage ideas for the kids' toys and books can also add some stylish decor to your home. Visit babyology.com.au for more stylish modern finds for hip kids & parents.
I have a chronic illness nobody likes to discuss, as it involves toilet talk. But it needs to be talked about.
Maybe the mum I saw in that waiting room, seemingly disconnected from her baby, doesn’t have the support she needs.
Starting a family doesn't always mean moving into a bigger house - not yet, anyway.
What's in a name?
Looking for a classic name, or an unusual name? Our Baby Name Finder is for you, search or browse to refine your shortlist.