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




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users

 

Postnatal depression and the feelings that scare mums most

"I was shocked and horrified that I'd had this thought. That's not me."

A toddler’s step-by-step guide to avoiding bedtime

How many of these tactics does your toddler employ at bedtime?

Melbourne - get your FREE tickets!

Register now for your free ticket (valued at $20) for the Melbourne Essential Baby & Toddler Show, presented by Blackmores.

The great toddler chase: every pregnant mum's nightmare

This is the funniest photo ever. We've all been there!

Would you do this to your baby in a carseat?

One mum looked that fear in the face and shared how important it is to think about adjusting the straps on our kids' car seats.

The secret to fitness after having a baby

It turns out that taking a more flexible approach might be the best way to make it happen.

Frustrated mum's genius plan to stop dinner time battles

Hands up who is sick and tired of cooking dinner for their kids every night only to have them complain about what's on their plate.

Photo shoot captures the dirty work of parenting

What do you do when you want a sweet maternity shoot but it just won't stop raining?

Could this simple thing help you avoid the 'baby blues'?

Researchers are now looking at whether the nutrients you ingest after giving birth can help reduce your likelihood of developing the baby blues.

We face more judgement than our mums did, study finds

We're judged more than our mums were - science says so.

As a mum, it's hard to ask for help. And that needs to change

Yesterday was a bad day for me. I started feeling ill a couple of days ago but battled on, as we do.

Why I don't care about your gender reveal

So you're having a baby? That's great, babies are awesome.

Dad's simple baby soothing hack

When this dad's baby wouldn't stop crying he took matters into his own hands. He also recorded what he did to let other people in on the simple hack and now it's going viral.

Husband gives birth after his wife was unable to fall pregnant

After his wife struggled to conceive, transgender man Chris Rehs-Dupin decided to give it a go.

10 things I thought about motherhood before I actually became a mum

Everyone is a parenting expert until they have kids – right?

 
Advertisement
 

Top 5 Articles

Advertisement
 
 
 

From our network

Win 1 of 10 awesome Peppa Pig prize packs

Who loves Peppa? We have 10 packs to give away - including family passes to see the brand new movie, in cinemas March 16!

Essential Baby & Toddler Show, presented by Blackmores

28th - 30th April, 2017, Melbourne Royal Exhibition Building, Carlton. Get your FREE ticket now. Save $20.

 

Free ticket offer

Essential Baby & Toddler Show, presented by Blackmores

28th - 30th April, 2017, Melbourne Royal Exhibition Building, Carlton. Get your FREE ticket now. Save $20.

 
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.