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

 

How an inquest into one stillbirth is saving lives

A ground-breaking court case that has focused solely on one stillborn baby has already helped to save the lives of other babies.

Get them into reading early with a Nouk book subscription

There's no bonding activity quite like reading to your baby or toddler, and all the signs point to it being important for social and literacy development as well.

I don't want my husband to go on a buck's trip

My husband's best friend is getting married and has planned a men's bachelor party.

The celeb parents who needed a mediator to stop fighting over baby names

Deciding on a baby name can be a fraught experience for many parents.

May Gibbs' 'Gumnut Babies' turns 100 with a special edition, coins, stamps and more

It's time to celebrate the centenary of May Gibbs' very first book release, Gumnut Babies.

African baby names

We have some absolutely gorgeous selections of African baby names for you to consider for your baby.

The mum who retrained to became a plumber

One company refused to give her an apprenticeship because they believed she would be too much of a distraction to the males. 

Meningococcal meningitis: signs, treatment and prevention

What is meningococcal meningitis, why does it occur in seasons, and why does it strike fear into the hearts of so many?

I was scared of the dentist ... and my son paid the price

It was a moment where I could certainly learn from his behaviour, and not him from mine.

Family of toddler killed by alligator at Disney honours his third birthday

The family told supporters that they wanted to celebrate the boy's "first birthday in heaven".

For the festival lover in all of us

Pre-book & Save 50%. Get your tickets now for Kidtopia Festival. 7-9 October 2016 Parramatta Park, Sydney.

7 tips to help you prepare your home for parenthood

Prep your home to make becoming a new parent as stress-free as possible.

Fatherhood to the beat of Daniel's drum

Daniel Gibney knew fatherhood would change him, but he didn't realise it would lead to a global business venture for his family.

A case of gastro and the mummy mean girls

I don't blame any first-time mother who is terrified of her or her baby catching gastro, but it will find you eventually.

Zooey Deschanel's cake smash fail for daughter Elsie

"I kept seeing on the Internet, 'You gotta make a smash cake for your one-year-old,' so I'm like, 'I'm making this cake just so she can smash it.'"

Five things mums should never do

Although I preach the "each to their own" method of parenting, it's unavoidable to have those moments of panic.

Mum allegedly 'groped' while holding toddler in Sydney pool

A mum has told of her horror after she was allegedly sexually assaulted while at a swimming centre with her two young children.

'It whacked me': Michelle Bridges on sleep deprivation and returning to exercise

Michelle Bridges knows a lot about health and fitness, but when she became a mum she had to learn a few lessons the hard way.

 
Advertisement
 

Top 5 Articles

Advertisement
 
 
 

What's hot on EB

Win a Hawaii beachfront resort holiday for two!

Enter now for your chance to win 1 of 4 trips for two to Hawaii, staying at Outrigger resorts in Waikiki.

For the festival lover in all of us

Pre-book & Save 50%. Get your tickets now for Kidtopia Festival. 7-9 October 2016 Parramatta Park, Sydney.

 

Vintage Toys

The toys of your childhood

Take a trip down memory lane with these vinage and retro toys that you may have had in your childhood or your parent's childhood.

 
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.