You wouldn’t dream of leaving baby with just anyone, which is why choosing childcare can be one of the toughest decisions for any parent—both emotionally and financially. Do you hire a nanny? Should you enroll baby in day care? While cost is obviously an important factor since it can take a big chunk out of your budget, you’ll also have to thoughtfully consider what works best for your family in terms of comfort level and scheduling. Consider putting your childcare budget and money for other expenses into Ally Bank’s Online Savings Account (Ally Bank, Member FDIC), which offers around-the-clock customer service (perfect for when you’re awake after those 3 a.m. feedings!). Watch this video to help you weigh the pros and cons of each childcare option and find the right fit for you and baby.
Disclaimer: Consider consulting a financial professional before making any major money decisions.
*FSAFeds.com is not a sponsor of this video, and does not endorse or otherwise support the opinions or conclusions set forth herein.
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The Bump and Ally present We’re in This, Together—a sponsored content series featuring smart money-saving tips and advice to help achieve your future goals, including deciding on childcare. Learn how Ally’s digital financial services can help you do it right.