Quote Originally Posted by MommaL View Post
I'm just wondering how much money people put aside each month for retirement savings, disability benefits, extra home insurance, CPP contributions, income tax and savings for slower months? I'm worried that after putting money aside for all of these things, I'm not going to have any leftover for my regular monthly bills and groceries. Yet, if I don't save any money or have extra insurance, I might be in financial crisis down the road. Help!
I not make enough money for savings, benefits or anything else you mentioning. I set aside income from one child for CPP and taxes.

As for slower months, there not enough income from this job for those either. I luckier than some. My husband semi-retired now and his income pay for our bills and our mortgage paid off long time ago. But if we had mortgage or if my daycare had pay for our day to day living, we would be in trouble in slower month.

This unpredictable income. Someone can leave with no warning. Vacancy can sit for long time. For me, I very picky about my client and often not take parent who wanting to come due to them thinking hours negotiable or being wrong personality type.

It depend on where you are and what daycare fee is but around here, fees are $35 without food and milk and so after expenses, there not spare money for saving. On average year, with just one vacancy maybe sitting for 4-6 weeks, I barely make min wage so no pension or saving from my earning.