I took a loan to finance my baby's childcare costs - I really hope I did the right thing...

Discussion in 'Work & Finance' started by Lauranicol, Mar 5, 2021.

  1. Lauranicol

    Lauranicol New Member

    Mar 5, 2021
    Likes Received:
    Hi all !
    I decided to take a loan to cover some of my 2-year-old toddler's childcare fees. I find gov help useful but limited (I am using all available options) when it comes to covering the childcare costs that a full-time working parent should pay monthly. Makes sense to me because I can protect my savings, continue working, and pay off the loan over time. Btw I find the terms of the loan quite good for the relatively small amount I received.
    Has any of you borrowed (like friend’s money, credit card, anything else) to cover the extra costs due to childcare???
    Knowing I am not the only one out there, would boost my confidence...
  2. Sofia 7

    Sofia 7 New Member

    Mar 4, 2021
    Likes Received:
    Hi Laura,
    It looks like people are shy to talk about borrowing.
    I am in a similar situation and ended up taking a loan for 8k to cover the childcare fees until I break-even.
    I think that this is a big issue and I am surprised that we are the only ones... or at least it is a big issue for me!

Share This Page

  • Resources

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice