Is charging $50 per day too much for a licensed home daycare in Manitoba?

[5 Little Monkeys]

Hi, Thanks for your feedback. I appreciate it very much. As a single caregiver in a home environment, for myself, having more than 5 kids seems like a lot! But, at $30 per child, it's really not enough money, I don't feel. I am not doing this for the money, as I love kids and have lots of experience, but I was wanting to make a decent living. I do feel that daycare is very important work (as I know we all do!), and valuable.

Thanks again for your responses!

Well let's say you're open for 10 hours...5 kids at $30 would mean you make $15/hr. Now of course you have expenses out of this but you also have things you can claim being a business so it sort of works out to the same as someone who works out of home and has gas expenses, parking pass, union dues, benefit expenses, vehicle insurance (If you can, put yours on leisure instead), gas expense and more wear and tear etc etc. If you decide to take on the 3 school aged spots that will also be more money. I'd be inclined to save this money for income tax time

I think it could be possible ( I don't know your financial situation) but there might be some things you need to change. The longer I do this, the more ways I find to save money. I make my own laundry soap, sugar scrubs and sometimes hand soap. I use coupons and only shop sale prices. I put my car on leisure insurance etc etc. I bake and cook from scratch most of the time ( for dc, for us it's a different story lol) If you have tv, maybe cut back on the channels. For me, it's do these things and get to keep my business which I LOVE or I would have to go back to working out if the home for more money. I'm very lucky to be in a position where I can afford to do this job though and I only have 4 children. ( well 5 but 2 share a ft spot)

I truly think this is a fantastic job and if it's something you really want to do than I think you should give it a try! I think you could likely charge $32-35 in Winnipeg and if it's something you are okay with, don't supply the food. Or maybe just supply the snacks and have parents supply lunch? I've been thinking what I would do if I get pregnant (and therefore loose a paying spot) and I think I'd charge $35 but only supply snacks.

Good luck!!!