UK - does childminding pay good money?
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I am an NHS nurse as well, Band 6 though
I don’t see how it could to be honest! I pay my childminder £350 a month for 3 days a week (term time) and my daughter is the only one that goes full days - most of her kids are wrap-around care and she only charges £4.50 an hour. The most I’ve heard of is someone charging £8 an hour.
I don’t think it does pay anywhere near as well but I think you need to balance the other benefits. I’ve had a few staff band 4 leave to do it when they’ve had children and it’s meant they can be at home with their own kids but they can’t just take time off to go to their own kids events or appointment and don’t charge if they want to take a week off or are sick themselves
Like Louise says it’s the other benefits that make it an option - not needing to pay your own childcare - no worrying about pick up/drop off - no worrying about school holidays
I don’t think you’d be any better off financially. You need to consider if you’d be “full” as a childminder, many only use a childminder on certain days and certain hours. Rather than full time. A lot also open from 7am till 6pm which is a long day (some longer!) You also need to consider you’ll be paying out for insurances such as income protection, you’d have to check your house insurance and car insurance too (if you’d consider transporting them). There’s also the downside that if you’re ill you’ll immediately lose income if you have to close. A lot that I know do it for the enjoyment rather than the financial incentives. Hope that helps!
You wouldn't be better off financially. Perhaps it'd be worth it for the flexibility and savings on childcare for your own kids though?
I have been considering this as well. But honestly, I calculated it and I don’t think it does especially if you stick to the Ofsted guidelines regarding number of children Hopefully someone that is doing it can enlighten us or you can send me a text and i can share my thoughts with yoy