What degree do you need to open your own daycare?
An associate degree in early childhood
You will need the Family Child Care Home License to start and operate a daycare in your home. A Child Care Center License is necessary if you plan to operate a facility in a commercial building. You may seek a California daycare license as an individual, group, or institution.
To obtain a license for a child day program, you must attend training through the Office of Health and Safety, pass a Criminal and Child Protective Services background check, submit the following items: functional design plan, application for licensure with application fee, annual operating budget, and report of ...
- Operator must first have been licensed as a family day care home for two consecutive years within five years of the date of the application for a license to operate.
- Operator must have a valid Staff Credential for one year prior to licensure.
- Operator must be at least 21 years old and reside in the home.
- Step 1: Complete pre-licensing training. Every type of childcare provider is required to complete pre-licensing training. ...
- Step 2: Request a background check. ...
- Step 3: Submit your application and required documents. ...
- Step 4: Inspections. ...
- Step 5: Results.
If you are providing care for your children (or those of a relative), and children from only one other family then you do not need a child care license and you are legally exempt (license-exempt) from licensure requirements in California.
The regulations used in licensing are taken from the California Code of Regulations, Title 22, division 6. You may obtain a copy of the regulations by calling DSS at the above number. Remember it takes time to obtain a center license. Give yourself a minimum of six months from start to finish.
| Family Child Care Providers | Child Care Centers | |
|---|---|---|
| Infants | $270 - $360 | $403 - $512 |
| Toddlers | $250 - $350 | $375 - $495 |
| Preschoolers | $250 - $345 | $327 - $450 |
| School-Age (full time) | $200 - $300 | $248 - $400 |
10-12 years old may provide care of other children for up to three hours with the help of an adult. 13-15 years old may babysit infants and children but not overnight. 16 years old and older may watch children overnight.
The Virginia Department of Social Services licenses child day centers and enforces the standards through announced and unannounced visits.
How many kids can you have at a home daycare in Florida?
| Ratio for Center-Based Care | Ratio for Home-Based Care |
|---|---|
| 11 two-year olds : 1 caregiver | 6 pre-school children (if all are older than 1 year) : 1 caregiver |
| 15 three-year olds : 1 caregiver | 10 children (if no more than 5 are preschool age and of those 5, no more than 2 are under 1 year) : 1 caregiver |
For children from birth through 1 year of age, there must be one early care and education personnel for every four children. For children 4 years of age or older, but under 5 years of age, there must be one early care and education personnel for every 20 children.
According to small business website bizfluent.com, the average startup cost for a daycare center is $10,000 to $50,000. This can vary widely depending on whether you're opening a home-based daycare or leasing a separate facility for your care center.
Please note: anyone can provide care for no more than 6 children or no more than 3 children under the age of 2 years in their home without a license, however, in order to receive payment for serving families eligible for PFCC, the Type B home provider must be licensed by ODJFS.
The Ohio Department of Job and Family Services (ODJFS) helps parent(s) who are working or in school pay for child care through the Publicly Funded Child Care (PFCC) program. You may be required to pay for part of your child care in the form of a copayment.
Worker requirements
Such approved programs include a vocation education home economics course or a Child Care Job Training Program for Adults which must include completing 5 required and 3 elective courses for a total of 160 hours.
Complete a baccalaureate degree or higher. Complete 12 semester units of early childhood education or child development course work. Complete three semester units or four quarter units of supervised field experience in an early childhood education setting.
Every licensee must also pay a yearly licensing fee. A small family childcare home's annual licensing fee is $73. A large family childcare home's annual licensing fee is $140. A childcare center's annual licensing fee is equal to one-half of the application fee.
Home Daycare Salary in California:$30,151 - ZipRecruiter.
- The completion of a bachelor's degree or higher; AND.
- The completion of at least 12 semester units of early childhood education or child development coursework; AND.
- The completion of at least 3 semester units of supervised field experience in an early childhood education setting.
References
- https://www.latimes.com/compare-deals/banking/savings/7-percent-interest-savings-accounts
- https://www.fedweek.com/tsp/the-one-word-answer-to-how-much-you-need-in-your-tsp/
- https://www.smartaboutmoney.co.za/debt/working-with-credit/who-sets-the-interest-rates-and-how-do-they-affect-me/
- https://www.marketwatch.com/guides/banking/largest-banks-in-the-us/
- https://jfs.ohio.gov/cdc/page4.stm
- https://www.forbes.com/advisor/banking/living-paycheck-to-paycheck-statistics-2024/
- https://www.albany.edu/~bd445/Economics_350_Money_and_Banking_Slides_Spring_2013/Money_Multiplier.pdf
- https://smartasset.com/checking-account/how-much-cash-can-you-withdraw-from-your-bank
- https://www.nerdwallet.com/article/investing/the-average-retirement-savings-by-age-and-why-you-need-more
- https://www.fool.com/the-ascent/banks/articles/heres-how-much-20000-earns-in-a-savings-account/
- https://www.fool.com/retirement/plans/401k/average-balance-by-age/
- https://www.quora.com/Should-we-put-money-in-a-bank-or-keep-the-cash
- https://www.elcslc.org/parents/vpk-locator/licensing-files-what-to-look-for/state-of-florida-mandated-adult-to-child-ratios/
- https://www.fool.com/retirement/2024/02/10/heres-average-social-security-benefit-at-age-62-66/
- https://portal.ct.gov/DOB/Consumer/Consumer-Education/ABCs-of-Banking---Banks-and-Our-Economy
- https://www.schwab.com/learn/story/potential-winners-and-losers-higher-interest-rates
- https://www.bankrate.com/banking/what-banks-do-with-deposits/
- https://finance.yahoo.com/news/many-americans-retire-million-dollars-140019814.html
- https://www.rba.gov.au/education/resources/explainers/causes-of-inflation.html
- https://www.nasdaq.com/articles/most-americans-plan-to-spend-less-than-%242000-a-month-in-retirement-are-they-being
- https://www.daycare.com/florida/
- https://www.pewresearch.org/race-ethnicity/2023/12/04/the-assets-households-own-and-the-debts-they-carry/
- https://smartasset.com/checking-account/how-much-interest-does-250000-pay
- https://finance.yahoo.com/news/rich-heres-americans-think-considered-182847861.html
- https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/
- https://www.investopedia.com/articles/investing/053115/how-central-banks-control-supply-money.asp
- https://www.usnews.com/banking/articles/what-is-a-good-interest-rate-on-a-savings-account
- https://www.cnn.com/cnn-underscored/money/average-401k-balance-by-age
- https://en.wikipedia.org/wiki/Bank_rate
- https://www.forbes.com/advisor/banking/savings/7-percent-interest-savings-account/
- https://www1.udel.edu/htr/American/Texts/fed.html
- https://www.investopedia.com/articles/personal-finance/062315/how-interest-rates-work-savings-accounts.asp
- https://www.sgrlaw.com/does-the-money-in-your-bank-account-really-belong-to-you/
- https://www.daycarehotline.com/state-daycare-license-requirements-50-states/start-a-daycare-license-requirements-for-ohio/
- https://www.toppr.com/ask/question/distinguish-betweenbank-rate-and-rate-of-interest/
- https://vachildcare.com/providers/becoming-a-provider/licensed-child-day-center/
- https://www.fool.com/research/average-retirement-savings/
- https://en.wikipedia.org/wiki/Bank_vault
- https://www.approachfp.com/retire-on-500k/
- https://www.linkedin.com/pulse/i-want-own-bank-how-much-capital-would-need-start-mergerscorp
- https://www.foxbusiness.com/personal-finance/retirees-retirement-savings-run-out
- https://www.fool.com/saving/how-often-is-interest-accrued-on-a-savings-account.aspx
- https://www.nab.com.au/help-support/personal-banking/manage-online-banking/view-interest-earned
- https://www.gdrc.org/icm/owner-money.html
- https://money.usnews.com/money/retirement/articles/what-is-a-good-monthly-retirement-income
- https://www.investopedia.com/articles/investing/080713/how-banks-set-interest-rates-your-loans.asp
- https://www.chase.com/personal/credit-cards/education/interest-apr/how-to-check-interest-rate-on-apr
- https://www.freshbooks.com/hub/startup/the-ultimate-guide-to-starting-a-daycare-business
- https://byjus.com/free-ias-prep/bank-rate/
- https://wonderopolis.org/wonder/how-much-money-can-a-bank-hold
- https://www.coco*kids.org/starting-child-care-center/
- https://finance.yahoo.com/news/much-savings-70-140006145.html
- https://www.nerdwallet.com/article/mortgages/fed-mortgage-rates
- https://m1.com/blog/who-sets-interest-rates/
- https://www.cbsnews.com/news/why-short-term-cds-have-higher-rates-than-long-term-ones-right-now/
- https://www.thrivent.com/insights/retirement-planning/how-to-retire-with-no-savings
- https://www.helloplaybook.com/learn/how-much-money-do-you-need-to-live-off-interest
- https://www.cnbc.com/select/interest-rates-rising-saving-more-appealing-debt-more-harmful/
- https://www.bankrate.com/mortgages/mortgage-rates/
- https://www.unbiased.com/discover/retirement/can-you-retire-on-200k
- https://www.nerdwallet.com/best/loans/personal-loans/personal-loan-interest-rates
- https://www.capitalone.com/bank/money-management/banking-basics/how-does-savings-interest-work/
- https://www.usbank.com/investing/financial-perspectives/market-news/federal-reserve-tapering-asset-purchases.html
- https://www.capitalone.com/bank/money-management/banking-basics/how-to-calculate-savings-interest/
- https://www.investopedia.com/ask/answers/who-determines-interest-rates/
- https://www.fairfaxcounty.gov/familyservices/children-youth/child-supervision-guidelines
- https://www.forbes.com/advisor/banking/is-my-money-safe-in-the-bank/
- https://www.sofi.com/learn/content/what-to-do-if-there-is-a-bank-error-in-your-favor/
- https://www.mercatus.org/research/working-papers/central-bank-control-over-interest-rates
- https://mybrightwheel.com/blog/how-to-start-a-daycare-in-florida
- https://www.bankrate.com/loans/personal-loans/how-to-calculate-loan-interest/
- https://www.banks.com/articles/banking/where-banks-put-money/
- https://mybrightwheel.com/blog/how-to-start-a-daycare-in-california
- https://www.skynova.com/learn/taxes/cash-deposits
- https://ycharts.com/indicators/10_year_treasury_rate_h15
- https://www.nerdwallet.com/article/banking/how-to-calculate-interest-in-a-savings-account
- https://www.forbes.com/advisor/personal-loans/loan-interest-calculator/
- https://www.quora.com/What-is-6-interest-on-a-30-000-loan
- https://www.ziprecruiter.com/Salaries/Home-Daycare-Salary--in-California
- https://www.shiksha.com/online-courses/articles/difference-between-bank-rate-and-repo-rate/
- https://www.oecd-ilibrary.org/finance-and-investment/long-term-interest-rates/indicator/english_662d712c-en
- https://ccld.childcarevideos.org/child-care-center-operators/child-care-licensing-fees/transcript/
- https://www.fairfaxcounty.gov/office-for-children/ccar/learn-more
- https://www.investopedia.com/what-is-maturity-transformation-7480836
- https://www.moneyhelper.org.uk/en/savings/how-to-save/interest-rates-explained
- https://bmabankingsystems.com/2021/09/how-much-capital-do-you-i-need-to-open-a-bank/
- https://www.investopedia.com/articles/basics/06/invertedyieldcurve.asp
- https://www.calculator.net/compound-interest-calculator.html
- https://original-bankline-faq.natwest.com/Accounts/Balances-Statements/1866045602/Where-can-I-see-the-interest-rates-on-my-savings-accounts.htm
- https://georgettemillerlaw.com/how-do-banks-make-money-with-your-money/
- https://www.troweprice.com/personal-investing/resources/insights/youre-age-35-50-or-60-how-much-should-you-have-by-now.html
- https://www.preschoolteacher.org/california/
- https://www.investopedia.com/insights/forces-behind-interest-rates/
- https://www.investopedia.com/ask/answers/111414/does-inflation-favor-lenders-or-borrowers.asp
- https://www.go-yubi.com/business-loan/long-term-loan/
- https://www.bankrate.com/finance/credit-cards/does-law-cap-credit-card-interest-rates/
- https://www.newsweek.com/vault/banking/savings/7-percent-savings-account-interest-rates/
- https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_United_States
- https://www.bankrate.com/banking/federal-reserve/how-federal-reserve-impacts-your-money/
- https://finance.yahoo.com/news/long-400k-last-retirement-140004125.html
- https://finance.yahoo.com/news/retirement-planning-much-average-person-000026006.html
- https://www.credible.com/mortgage/400000-mortgage
- https://www.dss.virginia.gov/files/division/licensing/cdc/intro_page/code_regulations/regulations/final_cdc_reg.pdf
- https://www.ctc.ca.gov/credentials/leaflets/child-development-permits-(cl-797)
- https://www.quora.com/Are-bank-tellers-allowed-to-ask-why-you-are-withdrawing-a-lot-of-cash-from-your-account
- https://www.sofi.com/learn/content/monthly-cost-200000-mortgage/
- https://themortgagereports.com/32667/mortgage-rates-forecast-fha-va-usda-conventional
- https://www.ceauthority.com/StudyGuideContent/FAQS/AML%20glossary_0205.pdf
- https://research.stlouisfed.org/publications/yield-curve/what-is-the-yield-curve
- https://www.investopedia.com/articles/markets-economy/082316/3-reasons-banks-can-freeze-your-account.asp
- https://www.imf.org/external/pubs/ft/fandd/2012/09/basics.htm
- https://www.lendingtree.com/personal/personal-loan-calculator/
- https://www.investopedia.com/terms/b/bankrate.asp
- https://www.edwardjones.com/us-en/market-news-insights/investor-education/investment-age/average-retirement-savings-age
- https://advisors.principal.com/wps/portal/advisor/resource-center/education-training/advanced-markets-info/monthly-federal-rates
- https://study.com/academy/lesson/short-vs-long-term-interest-rates-differences-significance.html
- https://data.oecd.org/interest/short-term-interest-rates.htm
- https://www.forbes.com/advisor/investing/fed-funds-rate-history/
- https://www.linkedin.com/pulse/short-term-loans-versus-long-term-comprehensive-guide-protiumindia
- https://www.investopedia.com/us-inflation-rate-by-president-8546447
- https://jfs.ohio.gov/cdc/page2.stm
- https://www.shawbrook.co.uk/savings/monthly-interest-savings-accounts/
- https://smartasset.com/retirement/how-long-will-250000-last-in-retirement
- https://www.thetimes.co.uk/money-mentor/income-budgeting/cost-of-living-crisis/uk-inflation-rate-affect-interest-figures-ons
- https://www.wallstreetmojo.com/bank-rate-vs-repo-rate/
- https://mygatormortgage.com/presidential-election-affect-on-mortgage-rates/
- https://www.usnews.com/banking/articles/if-you-deposit-a-lot-of-cash-does-your-bank-report-it-to-the-government
- https://www.oecd-ilibrary.org/long-term-interest-rates_5jz483vsbzmx.pdf
- https://www.investopedia.com/ask/answers/111314/what-causes-inflation-and-does-anyone-gain-it.asp
- https://mybrightwheel.com/blog/how-to-start-a-daycare-in-ohio
- https://www.investopedia.com/how-to-retire-with-no-money-7505220
- https://www.cdss.ca.gov/inforesources/child-care-licensing/how-to-become-licensed/do-i-need-a-license
- https://www.consumerfinance.gov/owning-a-home/loan-options/
- https://americandeposits.com/why-banks-pay-different-rates-similar-accounts/
- https://www.worldbank.org/en/publication/gfdr/gfdr-2016/background/long-term-finance
- https://www.forbes.com/advisor/banking/cds/7-percent-cd-rate/
- https://www.businessinsider.com/personal-finance/average-personal-loan-interest-rates
- https://www.experian.com/blogs/ask-experian/what-factors-do-lenders-consider-when-determining-my-interest-rate/
