This article explains why it may be better to use a credit card for certain transactions, as long as the bill is paid on time to avoid interest charges.
A tax credit and/or dependent-care flexible spending account might help offset some of the costs paid for a nanny, babysitter, day care, preschool, or day camp.
Estimate the future value of your current savings.
How Long Will It Take to Pay my Balance?
How much would your monthly lease payment be?
Will you be able to afford nursing home care?