Prepay Tuition? Or Do You Get Paid At The End Of The Week?

[littlemissmuffet]

I don't do prepay but I do post dated cheques. That way I do have the $$ in my hand so to speak. No post dated cheques then no care. I get paid for all holidays and 5 personal and 5 sick days. I also get 4 weeks (20 days vacation) but I give the parents enough notice so we can recalculate cheques based on my vacay. I don't get paid for vacation.

Whoa... that's a WHOLE LOT of time off. Do you parents really go for this? Ever get complaints? How many years have you been open?

I get 5 personal/sick days paid, all stats paid and 10 days vacation paid... if I closed any more than that I would be out of business!!

[Ariana]

Whoa... that's a WHOLE LOT of time off. Do you parents really go for this? Ever get complaints? How many years have you been open?

I get 5 personal/sick days paid, all stats paid and 10 days vacation paid... if I closed any more than that I would be out of business!!

Nope no complaints. They don't mind and all happily signed my contract! I've only been in business for 1 year and a bit. I was closed 1 week at Christmas and one family took 2 more weeks besides that so they obviously have lots of vacay to burn as well. I know it's a lot of time off but my husband gets 5 weeks, I thought that making them UNpaid would soften the blow

[daycare]

Nope no complaints. They don't mind and all happily signed my contract! I've only been in business for 1 year and a bit. I was closed 1 week at Christmas and one family took 2 more weeks besides that so they obviously have lots of vacay to burn as well. I know it's a lot of time off but my husband gets 5 weeks, I thought that making them UNpaid would soften the blow

All I have to say is LUCKY!!!!!!!!!!!!

[Sprouts]

"No PAY, NO PLAY"

[HappyPennie]

Call me cRaZy, but I don't make my families pre-pay. They pay weekly or biweekly (whichever they choose at contract signing) on Fridays for the same week of care. This is less confusing for me because I don't have to go back and credit anyone for days they were sick and what not. Although, I'm sure MMK would make that simple. Right now I am fortunate to have good families that pay me on time. If I run into a problem with my way of doing this then I will definately do some re-vamping to my handbook, but as for now it is working for me and my DCF's so I see no reason to change it

[littlemissmuffet]

Nope no complaints. They don't mind and all happily signed my contract! I've only been in business for 1 year and a bit. I was closed 1 week at Christmas and one family took 2 more weeks besides that so they obviously have lots of vacay to burn as well. I know it's a lot of time off but my husband gets 5 weeks, I thought that making them UNpaid would soften the blow

That's awesome, good for you. My parents don't complain either, they even say I deserve the time... good folks. I suppose for you making it unpaid is easier on your parents finding a back-up provider. I personally can't do unpaid time, I'm low-ratio and my budget is just right with not having to do unpaid time so I guess to each's own

[kayla]

I have all parents pre pay on mondays before my services. I do this because alot of people try to weasel out of paying when there child is sick, this just prevents that because i already have the money. I have one parent that pays on friday and thats just because she is very trustworthy, and i have had her since i started.

[countrymom]

Call me cRaZy, but I don't make my families pre-pay. They pay weekly or biweekly (whichever they choose at contract signing) on Fridays for the same week of care. This is less confusing for me because I don't have to go back and credit anyone for days they were sick and what not. Although, I'm sure MMK would make that simple. Right now I am fortunate to have good families that pay me on time. If I run into a problem with my way of doing this then I will definately do some re-vamping to my handbook, but as for now it is working for me and my DCF's so I see no reason to change it

this is what I do. But I live in a small town/county, so everyone lives around me. Works for me too. its less complicated (I have a dcp who is bipolar too)and this way, I too agree that I don't have to go back and credit people.

[jessrlee]

I get paid on Fridays after care. It is the norm for my area.

[SandeeAR]

Monday morning at drop off.

[Blackcat31]

Call me cRaZy, but I don't make my families pre-pay. They pay weekly or biweekly (whichever they choose at contract signing) on Fridays for the same week of care. This is less confusing for me because I don't have to go back and credit anyone for days they were sick and what not. Although, I'm sure MMK would make that simple. Right now I am fortunate to have good families that pay me on time. If I run into a problem with my way of doing this then I will definately do some re-vamping to my handbook, but as for now it is working for me and my DCF's so I see no reason to change it

this is what I do. But I live in a small town/county, so everyone lives around me. Works for me too. its less complicated (I have a dcp who is bipolar too)and this way, I too agree that I don't have to go back and credit people.

NOTHING wrong with paying after services have been provided ladies! I was that way for many many years until I was forced to change due to non-paying or late paying parents.

If you can do it and your families are good about it then post-pay is great!

I'll bet most providers on this forum who do pre-pay do it because they were burned by someone in the past.

[SandeeAR]

The only way I would consider Post Pay, is if they paid daily (just like at the Doctor, Dentist, Walmart, etc). I don't want to deal with daily pay and I'm sure parents wouldn't want to either.


But each does what works for them.

[WImom]

Prepay, they only get a discount if I close for sickness or an appointment/vacation. If they decide not to come and I'm open they pay.

[Nellie]

Parents pay for there care on the last day they are here for the week. I do have in my contract that in addition to late fees if late payments continue they will have to pre pay. So far I have never had any problems. I did have one family in the past that didn't pay for there last week of childcare. Mom quit her job in the middle of the week. They told me they were going to stop over the next day to pay me. I was only charging hourly for when the children were actually there so they didn't know the total. The next day after all the kids were gone I laid down with my tot for a nap. I woke up to the sound of the car and saw it leaving the drive way. I looked at my phone and they had let a message saying they were coming to pay and was wondering what the total was. I didn't hear the phone or the knock at the door. There bill was only 81. I never did any fallow up calls or letters. I was pregnant and sooo sick at the time and that was the last thing on my mind. I'll share responsibilty one that one.

[MissK]

5 day a week kids get one sick day per month (I credit them back their daily rate) and sick days do not roll over into next month.

4 day a week kids get 1 sick day per 60 days

3 days a week get zero sick days.

My tuition is weekly and payable 52 weeks a year.

I really like this. I've seen contracts where the family gets a set # of days per year (typically 5-10 around here) but then that family that is there for you for the year is essentially getting the same number of sick days as the family that is there with you for 3 months. Do you have a use it or lose it type policy for these sick days or do you let them accrue? Do you have any vacation days worked in your contract for the daycare families? I'm just wondering how I'm going to work in sick/vacation days for the families.

I saw an a different thread that you offered to send a copy of your contract/handbook. Would you mind emailing me a copy when you have a minute? I could message you my email....I'd be most greatful!!