Guest post by Elizabeth from Learning Life with Liz
If you have children, you will probably need a babysitter at some point. Most people hire a babysitter and pay them between $5-$12 an hour depending on the number of kids and the family’s budget.
If you need a full-time nanny, you’re likely going to pay between $8-$12 an hour. That adds up fast! If you use your nanny 40-45 hours per week, you will be spending between $320-$540 per week!
Here are some money saving tips to think about when you want to hire someone:
Trade services
If you have friend’s with kids, trade date nights and outings. This will save you 100%.
Be creative, there are plenty of ways to trade services. I know a massage therapist who trades massages for sitters. This works very well when you need a babysitter for a few hours.
Share a babysitter
Contact your friends and see if they would like to share a babysitter. Have a few friends agree to this so that there is a better chance of someone going out the same night. This also works great for double dates.
I wouldn’t suggest combining more than three or four children. If you do, ask the sitter if she can handle it. You might have to pay her a little more though. If you usually pay $10 an hour, pay her $12 an hour. You are still saving $4 per hour with sharing the cost. The babysitter will also like having more families in her network.
You can make a profile on Care.com or SitterCity and this will help you find a babysitter fast. You will have access to their pictures, information, and best of all, background checks. There is a cost to signing up for these services, but you can share that cost, too!
Share a nanny
If you need a full-time nanny, but can’t afford one, consider sharing one with a friend or family member. If you and a nearby friend both need a nanny, you can cut your costs in half! Instead of paying $320-$540 per week, you will only be spending $160-$270!
Plan it with a friend and sign up for Care.com or SitterCity, listing your plan in your family bio. You can also alternate houses and split the costs of food for the children each week. The kids will love having playmates!
Don’t forget the tax credit
Be sure to get your nanny or babysitter’s SS#. Track the hours and how much you are spending and report it on your taxes. You will get a percentage of that money refunded. This is a way to save money even without sharing a sitter. {Note from Crystal: Make sure to check with a local CPA regarding tax credits what you may or may not be eligible for in your situation.}
I hope this encourages you to be creative and save money when using a babysitter or a nanny. It may not work for everyone, but suggesting it to friends/family won’t hurt. I’m sure they would like the savings, too!

Elizabeth is a wife, and a mother to her son, Liam. She works part-time in childcare and also blogs at Learning Life with Liz. Besides doing research for her blog, she enjoys couponing and spending time with family!
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