Definition
The term childcare expense, /ˈtʃaɪldˌkɛər ɪkˈspɛns// (UK), /ˈtʃaɪldˌkɛr ɪkˈspɛns/ (US), refers to the costs associated with providing care and supervision for children, typically while parents are working or attending to other responsibilities. These expenses may include fees for daycare centers, babysitters, nannies, preschools, after-school programs, and related services.
Example
Managing childcare expense is essential for families to maintain financial stability while ensuring the well-being and development of their children.