Welcome to the 10 day money saving challenge! Over the next 10 days, we will focus on one new way to save money. The savings will be recurring each month, so take the time to put in the work and you will continue to see your savings increase!

Be sure to track your savings in the printable tracker. If you don’t have the tracker yet, get it here.

I encourage you to open up a new bank account to put your saved money into. It is a wonderful feeling to watch it grow! Then at the end of the month, quarter, or year, you can do something specific with the money. Give you finances the best benefit from this challenge that you can!

Day 5

Day 5 applies to anyone with daycare costs (this could include doggy daycare if you so choose!).

Daycare costs can add up quick! In some places, you can easily pay over $1,000/month for each kid. If you have multiple kids, you really feel the strain!

Luckily, there is usually a lot of competition, so you can negotiate rates with good success.

(If you are in an area with high demand for daycare and low options, then negotiating may not work for you. At that time, just be sure you are taking advantage of any discounts, such as sibling discounts.)


Comparing other locations

If you are going to negotiate your daycare cost, is it best to do your homework first so you have solid numbers to back you. Do a Google search of the daycare providers in the area, and check what their rates are. Keep in mind that some off special services that others don’t, so find providers that are similar to your own.

Take these numbers to your daycare, and speak with the director. Let her know that you really like the daycare, but are concerned about cost. You found a similar daycare for x per week, and you would love it if they would match that rate.

Keep in mind that they may look into this, so don’t make up an amount. If you do this, you just lost all your negotiating power.

They are either going to match the rate, decline it, or give you another option somewhere in between what you currently pay and what you are asking for. If they won’t match the rate, decide if you want to switch your daycare or if you would rather stay with your current one and your current rate. Don’t push the issue. Remember, they are caring for your most prized possession(s).



A lot of daycare centers will offer reduced rate if you have multiple kids in the daycare. Be sure you are taking advantage of this.

If you aren’t aware of any policy like this, ask them! If they don’t currently offer that discount, you can ask them if they will offer your x% off each additional kid. Since you have multiple kids, they likely don’t want to lose your business over a small percent each week. Be polite and positive, they like having mothers who are polite 🙂


Daycare Center vs. Home Daycare

There is mixed feelings among parents as to which is better, a daycare center of a home daycare. It is not always about the savings here, so if you feel strongly one way or the other, go with what you feel is right.

If you are open to either, then you could find some savings. In most instances (I say most, because it depends on your market) in home daycare is cheaper. Sometimes they don’t provide the same perks though (such as free formula, etc). Inquire as to what they provide, along with their rate. You can then compare that to some centers that you are interested in.

I can’t stress enough that you need to go with who you are most comfortable with, however if you have 2 options (one in home and one a center) and both are great, then you can look at the numbers to find the cheaper option.

My results

I did some research and I found a daycare that offered me a rate of $160 a week. My current daycare’s rate was $175 per week. I met with the daycare director and let her know that I found the lower rate, and asked if she would be willing to match the rate. She agreed!

I have always paid on time and been very positive & friendly, and I feel this was one of the reasons she agreed. Also, I had the research to back my request. I didn’t come with some random number in my head.

Original cost: $700/month (175x4)

New cost: $640/month (160x4)

Savings per month: $60!


Have you negotiated your daycare rate? Why or why not? What were the results. Let us know in the comments below!