Skip to main content
Northwestern Mutual Northwestern Mutual
Primary Navigation
  • Home
  • About Us
    • About Us Overview
    • Working With an Advisor
    • Our Financial Strength
    • Sustainability and Impact
  • Financial Planning
    • Financial Planning Overview
    • Retirement Planning
      • Retirement Planning Overview
      • Retirement Calculator Beach chair icon
    • College Savings Plans
    • Private Wealth Management
    • Estate Planning
    • Long-Term Care
    • Business Services
  • Insurance
    • Insurance Overview
    • Life Insurance
      • Life Insurance Overview
      • Whole Life Insurance
      • Universal Life Insurance
      • Variable Universal Life Insurance
      • Term Life Insurance
      • Life Insurance Calculator Shield icon
    • Disability Insurance
      • Disability Insurance Overview
      • Disability Insurance  For Individuals
      • Disability Insurance  For Doctors and Dentists
      • Disability Insurance Calculator Money Parachute icon
    • Long-Term Care
    • Income Annuities
  • Investments
    • Investments Overview
    • Brokerage Accounts & Services
    • Private Wealth Management
    • Investment Advisory Services
    • Fixed & Variable Annuities
    • Market Commentary
  • Life & Money
    • Life & Money Overview
    • Educational Resources About Financial Planning
    • Educational Resources About Investing
    • Educational Resources About Insurance
    • Educational Resources About Everyday Money
    • Educational Resources About Family & Work
    • Market Commentary
    • Podcast
Utility Navigation
  • Find a Financial Advisor
  • Claims
  • Life & Money
  • Family & Work
  • Your Family

Tips to Find a Nanny Share That Works for You


  • Kelly Burch
  • Aug 07, 2019
nanny preparing breakfast for kids
Nanny shares can be a great child care option, but it takes work to find the right one. Photo credit: Getty Images
share Share on Facebook Share on X Share on LinkedIn Share via Email

When thinking about growing your family, one question you can’t ignore is how you’ll work the cost of child care into your budget. According to a recent Care.com study, it’s where one in four families spend 15 percent or more of their household income.

As families look for ways to lower this cost, more creative solutions are on the rise. One such example is a nanny share, where two or more families employ one nanny. The benefits are clear: personalized care while sharing the cost (industry standard is that each family pays the nanny about two-thirds of what they would pay on their own) and the tax burden of having a household employee. But, finding the right caretaker for your little one is hard enough — finding a nanny and at least one other family you work well with can be even more difficult. Here are tips to find a nanny share that works for you.

Find a compatible family

Finding a great nanny is important, but it can be even more instrumental to find a family that you are able to work with in a nanny share. Parenting groups, child care agencies and word-of-mouth are all good ways to connect with other families who are looking to share child care costs.

The family you are ‘sharing’ with will become a big part of your life, so make sure that you’re comfortable with their communication and parenting styles.

It’s important not to jump in with the first family you find who’s also interested in a nanny share. Take the time to decide whether you’ll be able to work well together. After all, the family you are “sharing” with will become a big part of your life, so make sure that you’re comfortable with their communication and parenting styles.

“It’s important to find a family who shares the same child care philosophy as you do so that discipline, boundaries and child care approach are the same,” says Katie Provinziano, founder of Westside Nannies in Beverly Hills, California.

You should also consider details like the children’s ages, parents’ schedules and allergies as you look for a family to work with. Set up in-person meetings before you make any decisions. And if your child will be in their home and vice versa, check out each other's spaces to make sure you feel comfortable with your children spending time there.

Work together to find a nanny

Once you’ve found a family to work with, craft a job description for your nanny together. Agencies and online sites are a good place to start your search. You’ll want to look for someone who has experience with multiple children, and a nanny who has previously worked in a nanny share will have a better understanding of the commitment and communication required to make a share work.

Remember to be realistic about your expectations, though, especially if the nanny is watching several kids. For example, while regular outings and light housework might be feasible for a nanny watching one or two children, that may be too much to expect from a person with three or four charges, says Elizabeth Malson, president of the Amslee Institute, an online school that trains child care professionals.

Communicate openly

The most important elements to a successful nanny share? Communication and calendar management, Malson says.

Rather than dealing with issues as they arise, try to be proactive in providing the parameters. Consider questions like these:

  • In which house will the nanny work? Malson recommends choosing just one home so the nanny and children can craft a routine.
  • Will the nanny be driving the kids? If so, do extra car seats need to be purchased? Whose car will be used? Who will pay for gas?
  • What happens when someone is sick? At what point is a child too sick to come to the nanny swap? Also consider what will happen if the nanny gets sick.
  • How will vacation time be handled? When one family is away or doesn’t need care, will they still be responsible for paying their portion of the nanny’s salary?

Figure out the finances

Since a nanny is your employee, payment is a little more complicated than writing a check every two weeks. After agreeing on a rate and schedule, you should also decide how your nanny will be paid, how often and how taxes will be handled. Typically, as the employer you should put aside an additional 20 percent of the nanny’s pay for taxes, Provinziano advises.

It may seem easiest for each set of parents to pay the nanny their share of the swap directly, but Provinziano recommends putting the nanny on a shared payroll service so that you know your portion of taxes are covered.

You’ll also want to agree on a policy for time off and sick days, overtime pay, expense reimbursement, as well as termination requirements. Once all parties are on the same page, it’s wise to draw up a written contract for everyone to sign, so there are no surprises down the road.

Stay consistent

If you’ve done the bulk of the work up front by outlining expectations and responsibilities, the arrangement should run smoothly. However, it’s important that everyone remain consistent and courteous to the other participants.

“Families must have a strong commitment to the weekly schedule, communicating well in advance any changes so the other family and nanny can accommodate,” Provinziano says. “Consistently running late for drop-off, pick-up or after-school activities can make it difficult to sustain a nanny share.”

Social Security is an important part of your financial plan.

Your financial advisor can show you how Social Security will work to reinforce your retirement savings. And they’ll show you how it can help you live the life you want in retirement.

Let's get started
Left Dotted Pattern
Right Dotted Pattern

Want more? Get financial tips, tools, and more with our monthly newsletter.

Related Articles

guide
New parents holding their baby

What New Parents Need to Know About Their Finances

Learn more
article
Ryan Jordan, owner of Educated Nannies.

How This Mom Got Her Business, Educated Nannies, Through the COVID-19 Economy

Learn more
article
How much does it cost to raise a child girl playing in the pool

How Much Does It Cost to Raise a Child?

Learn more

Find What You're Looking for at Northwestern Mutual

Northwestern Mutual General Disclaimer

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. Life and disability insurance, annuities, and life insurance with longterm care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). Longterm care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, (NLTC) a subsidiary of NM. Investment brokerage services are offered through Northwestern Mutual Investment Services, LLC (NMIS) a subsidiary of NM, brokerdealer, registered investment advisor, and member FINRA and SIPC. Investment advisory and trust services are offered through Northwestern Mutual Wealth Management Company (NMWMC), Milwaukee, WI, a subsidiary of NM and a federal savings bank. Products and services referenced are offered and sold only by appropriately appointed and licensed entities and financial advisors and professionals. Not all products and services are available in all states. Not all Northwestern Mutual representatives are advisors. Only those representatives with Advisor in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services.

Northwestern Mutual Northwestern Mutual

Footer Navigation

  • About Us
  • Newsroom
  • Careers
  • Information Protection
  • Business Services
  • Podcast
  • Contact Us
  • FAQs
  • Legal Notice
  • Sitemap
  • Privacy Notices

Connect with us

  • Facebook iconConnect with us on Facebook
  • X iconFollow Northwestern Mutual on X
  • LinkedIn iconVisit Northwestern Mutual on LinkedIn
  • Instagram iconFollow Northwestern Mutual on Instagram
  • YouTube iconConnect with Northwestern Mutual on YouTube

Over 8,000+ Financial Advisors and Professionals Nationwide*

Find an Advisor

Footer Copyright

*Based on Northwestern Mutual internal data, not applicable exclusively to disability insurance products.

Copyright © 2025 The Northwestern Mutual Life Insurance Company, Milwaukee, WI. All Rights Reserved. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries.