Expanding...

[Cocoon]

They will be 12 months old by the time they start(again if I decide to take on more kids). I belive young kids are more work then the 3 years old ones. The older they get the less they need us. But until then I believe I will need extra help with babies.

When I said feed, I didn't mean cooking for them I meant actual spoon feeding. Otherwise, for me cooking for 3 or 5 doesn't make any difference

When they get older then I may not need any help but until then I think I will get someone to help me.

Thanks

[Inspired by Reggio]

I can empathize Cocoon - I prefer to only have one 12 month old at a time ... the rest are older ... so for example my group is currently 11 months, 25 months, 3.5 years, 4.5 years x 2 and a 6 years old alternates with one of the 4.5 year olds.

When I was young and spry and worked in centres I could easily care for multiple infants - heck at certain times of the day you had 7 by yourself back than ... and they were WEE back than too between 17 weeks - 16 months ... only because back than the DNA in Ontario was not so clear about using 2/3 ratio during first two and last two hours of the day or over lunch not being available for THAT age group and our boss was applying it to it

[Cocoon]

Inspired, can you please tell me what are the house related expenses you are paying? I'm assuming you are running your day home from a house? I rent a flat and everything is inclusive of rent except electiricty. Just trying to find out whether it's worth moving to a house or stay where we are.

Thanks

[Inspired by Reggio]

Hmmm .... everyone's might be different 'amount' wise depending on size of your house - a real estate agent should be able to tell you what the average square foot house pays for things in the areas you are looking - when we were looking at houses we had the agent get the current owners to leave samples of their gas / electricity bills so we knew how much they were spending to give us an 'idea' and than we also called the companies and ASKED how much homes in the area of 'x' were averaging bill wise to get a comparison.

We are allowed to write off the following as a 'home owner' ...

% Mortgage INTEREST paid in the year
% of Property Tax paid in the year
% of Natural Gas
% of Electricity and Sewer
% of Hot water heater if you rent it verses 'buy it'
% of Home Owners insurance plus 100% of your insurance ryder for business
% of Household maintenance and repairs to upkeep the house to be 'safe' to do business in

the % you can write off is dependent on the amount of the shared use of home you use for business, the hours a day you are open daily for business and the number of days a year you operate out of the 365 days in the year.

[Momof4]

You sound like you are quite the entrepeneur and I really hope you are successful. I'm wondering if you have considered that you might be better off to stay small. Big, big income, big, big taxes! If you have a smaller income you are in a much smaller tax bracket. Just something that occurred to me.

[Cocoon]

Thank you Inspired. These are the ones I wanted to know.

Momof4, thank you for your input. That is why I wanted to find out whether it's worth me going big. Although, taking care of 6 kids isn't that big as I know many of us already looking after 6 kids anyway. The only difference between my day home and other day homes will be that I will have 6 small kids

If I was already living in a house with more space, I wouldn't think twice and at least try. We definitely need more space and once we sell our house then we will be in a better financial position then now which makes me even more brave on taking more kids. I'm nervous though as I don't know what to expect in terms of bills and other stuff hence my post.

I understand that big income means big taxes but it is also means big expenses

I had an agency before I move to Canada. Run my business successfully on my own for few years. And I'm always good with money.

We had some financial problems soon after we got married but thank god it is getting better. I'm confident that I can do this as long as I study my homework well and find out all the pros and cons. Plus I always wanted to do more and grow big.