More People Doing Weekly?

[SunnyDay]

Weekly here.

[daycare]

weekly.............. some months I make more than others...

[Country Kids]

weekly.............. some months I make more than others...

How do you make some more months as there are always 52 weeks in the year?

[Blackcat31]

How do you make some more months as there are always 52 weeks in the year?

Because some months have more weeks in them.

Ultimately the yearly income remains the same but the monthly income varies.

[Country Kids]

Because some months have more weeks in them.

Ultimately the yearly income remains the same but the monthly income varies.

MMMM, guess its too early for me! Still not getting it especially since she charges weekly. Most months do have 4+ weeks in them. I can see how make more some months depending on the days as that is how I charge (hourly) but not with charging weekly. Oh well, no biggie, math was and never will be one of my strong points.

[Blackcat31]

MMMM, guess its too early for me! Still not getting it especially since she charges weekly. Most months do have 4+ weeks in them. I can see how make more some months depending on the days as that is how I charge (hourly) but not with charging weekly. Oh well, no biggie, math was and never will be one of my strong points.

That's ok, math is NOT my strong area either but I just know in the past there have been months with 5 weeks in them and months with only four so that is what I am thinking Daycare means.

Her yearly income would still remain the same but if you go through MMK software and look at monthly statements for a specific parent, each month will have a different monthly income amount even though it still adds up to the same for the year.

My DCF's pay me on Fridays. This year I had 5 paydays (Fridays) for June but only 4 paydays (Fridays) for July. Does that make sense?

[Country Kids]

That's ok, math is NOT my strong area either but I just know in the past there have been months with 5 weeks in them and months with only four so that is what I am thinking Daycare means.

Her yearly income would still remain the same but if you go through MMK software and look at monthly statements for a specific parent, each month will have a different monthly income amount even though it still adds up to the same for the year.

My DCF's pay me on Fridays. This year I had 5 paydays (Fridays) for June but only 4 paydays (Fridays) for July. Does that make sense?

Ah, now I see what you mean! It just confused my small brain! My hubby used to be paid like that and I totally forgot about it. We are now back to once a month both of us and the months can get long!

[Lucy]

I have never charged a flat rate but always knew that going monthly would cause me to lose money with most months being more then 4 weeks.

So I was wondering are more people going to charging a weekly fee over monthly or do more people still do monthly.

For those that do monthly, are your rates a little higher to the months that have alot more days in them?

I charge hourly right now, and I know for some months I will get $50-$100 dollars more a month because of more days in the month.

Not sure why you would have to lose money converting to monthly??? You take your weekly rate, multiply it by 52, then divide by 12. It comes out exactly the same over a year's time.