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 Feralishous

Posted 05 January 2013 - 02:40 AM

interested too




1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users

 

Christina Aguilera announces daughter's name

Christina Aguilera and her fiance, Matt Rutler, have welcomed their daughter into the world.

Couple caught in surrogacy crackdown

An Australian couple caught up in Thailand's surrogacy crackdown have said many parents are distraught and facing dire financial difficulties as are they are unable to bring their surrogate-born babies home.

'Tired' mum dies of undiagnosed diabetes

New mum Nicky Rigby thought her exhaustion was due to the demands of looking after her baby. But the 26-year-old was seriously ill with diabetes, and died due to her condition not being diagnosed.

5 co-sleeping myths busted

In case you are co-sleeping with your baby, and all the ?helpful? advice from others is sending you down the slippery slope of self-doubt, let?s bust a few myths on the topic.

When pregnancy takes you down memory lane

One mum-to-be discovers pregnancy hormones can give rise to some surprising emotions.

What?s your love language?

The secret to making your partner feel special is to know which language of love they favour ? and it?s the same for your kids, too.

Returning to exercise after a caesarean

I had my daughter four months ago via caesarean, and I want to get back into exercise. What are some good first steps I can take?

20 signs of a great relationship

The secret to a perfect relationship is admitting you are wrong after an argument, five kisses a day and sex twice a week, a new survey suggests.

Video: emotional 60-second Robin Williams tribute

Take a minute to remember some of the greatest films of your childhood ... and have a few tissues close at hand.

The realities of escaping domestic violence

?Why doesn?t she just leave?? is the common question people ask when trying to understand domestic violence. For many, leaving the relationship is far from straightforward.

Home truths: the DIY dos and don'ts

A professional renovator gives advice on which jobs you should do yourself, and which you should outsource.

Parenting lessons I?ve yet to learn

Instead of writing about the stuff I do know since becoming a mum, I thought I'd share some of the things I don't. These are the lessons that motherhood hasn't taught me.

Will I be wrecked 'down there' after birth?

Did you worry about how you would look "down there" after giving birth? This mum-to-be found plenty of women willing to share their knowledge.

The new weekend playgroup for working mums

Playgroups are great for kids and parents alike - but the downside is that they often meet during the week, leaving working mums out of the loop.

Letting your toddler be the boss at bedtime

Sick of spending hours trying to get your toddler to sleep? These experts say giving your child more of a say at bedtime might be the answer.

7 mistakes old hands make with new babies

As I sat across the table from my friend ? me, a seasoned mother of three; her, a brand new mum ? I thought of all the mistakes an old-hand parent can make when visiting a newborn baby.

Ezra's tragic death not in vain, mum says

Little Ezra was a "Harry Houdini" who loved trying to escape the family home. Now, after his tragic death, his parents are doing what they can to help others.

Consulting 'Dr Google' when you're pregnant

We're all guilty of turning to the internet for a quick answer when we need medical advice, but Dr Google should be approached with caution - especially when you're pregnant.

Win back some precious time and get FREE coupons

Membership to eBay's Bubs? Corner is free and includes a $10 coupon to spend on nappies each month - a win for multitasking mums!

Download now: Essential Kids Activity Finder app

Got bored kids? Quickly find the best activities for kids wherever you are in Australia with the Essential Kids app.

 
Advertisement
 
Advertisement
 
 
 

What's hot on EB

Win back some precious time and get FREE coupons

Membership to eBay's Bubs? Corner is free and includes a $10 coupon to spend on nappies each month - a win for multitasking mums!

Do you suffer from Precious Firstborn Syndrome?

Testing ?no more tears? shampoo in your own eyes, warming cucumber sticks so they're not cold straight from the fridge, waking a sleeping baby to check they?re still breathing: these are all symptoms of Precious Firstborn Syndrome.

Ezra's tragic death not in vain, mum says

Little Ezra was a "Harry Houdini" who loved trying to escape the family home. Now, after his tragic death, his parents are doing what they can to help others.

7 mistakes old hands make with new babies

As I sat across the table from my friend ? me, a seasoned mother of three; her, a brand new mum ? I thought of all the mistakes an old-hand parent can make when visiting a newborn baby.

Video: When adults act like children

Ever wondered what would happen if adults were allowed to act like children? This dad's hilarious video clip will give you an idea of what life would be like.

Mums hit hardest as flu cases skyrocket

The number of confirmed cases of influenza in Australia has doubled the number for the same time last year - and women are 25 per cent more likely to get it.

The mum who had four babies in nine months

Feeling exhausted due to the demands of caring for a baby? Imagine the life of this mum, who gave birth to three boys and one girl in just nine months.

Everything baby at Big W

Lowest prices on everything baby, only at Big W. Sale starts August 4 and ends August 20 2014.

Smiggle is painting the town red!

We have 3 Red Smiggle prize packs to give away! Enter by posting a photo of something red to your Instagram.

Mum gives birth at school

Chinese manufacturers tap into the cute factor with tree-grown babies.

Personalised baby gifts

We've scoured the internet to find gorgeous personalised keepsakes and nursery decor to record baby name and dates. They make great gifts for christenings, name days and birthdays! (All prices in AU.)

 

Mind, body, beauty, life

Making time for me

We look at your wellbeing, covering health, relationships, beauty and fashion, mind and body.

 
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.