How to estimate monthly and yearly childcare costs

1. List every week of the year

   Mark school days, holidays, school breaks and summer weeks.

2. Match care to each period

   Note which provider or program covers each period and its price.

3. Add fees

   Include registration, supplies, activity and late pickup fees.

4. Total the gross cost

   Add everything for the year before any help.

5. Subtract assistance

   Subtract expected subsidy payments or Head Start coverage.

6. Decide on the FSA amount

   If your employer offers an FSA, choose an amount you are sure to spend in the plan year.

7. Estimate the credit

   Apply the credit to any eligible expenses not paid through the FSA.

8. Divide by twelve

   Turn the yearly net cost into a monthly amount for your budget.

9. Set aside the difference

   Save each month for expensive months like summer.

10. Review at open enrollment

    Update the plan each year when prices and benefits change.