My wife having been a single mom for awhile before we were married, I am trying to come up with a payment plan that would be fair to some moms that I expect to have as clients... so here is what I am thinking..
The first week of enrolment will require a weeks deposit and a weeks payment.
Everyone pays me on time and in full my weekly rate for the first month.. even if your child isn't here a day or two.
After the first month everyone gets two "free days" from me. (a free day is a day that the parents can use whenever they want or need to.. if their child isn't in care for whatever reason I don't charge them for that day.)
Every month thereafter that I am paid on time and in full another free day is added to their account.
I will be requiring that I get paid for all holidays that I am closed, but when I go on vacation every summer, I don't expect payment. Free days cannot be deducted instead of payment for holidays .. and I don't feel right collecting money for 2 weeks in August while I sit next to the ocean working on my tan.
If I am sick and have to close, I don't require payment and parents wont lose a free day.
The idea of these free days is to help out parents if their child is sick and they cant send them. I would like to avoid the idea of "well I have to pay for the day anyway, so I am sending kids" Plus if the child is home sick, the parent may have to take the day off and to have to pay me anyways doesn't seem right. Free days also come in play if the parents go on vacation. Assuming they have been paying me on time the will have a small pile of them accumulated and can go away for a week or two and not have to worry about paying me. Perhaps use the money to do some extra fun stuff with the kids.
Now I am not sure if I want to either put a cap on how many free days parents can accumulate or maybe on how many they can use at a time. I can imagine a scenario where I have had a family for a few years and they announce that they are using their free days for a vacation... all 30 of them
and therefore can go 6 weeks without losing their spot. Not that this is completely horrible because if they do have that many free days it means they have paid me on time for 2 1/2 years or so..
So anyways.. what do you all think? Good idea? Too complicated perhaps? Something I am missing that could burn me?
The first week of enrolment will require a weeks deposit and a weeks payment.
Everyone pays me on time and in full my weekly rate for the first month.. even if your child isn't here a day or two.
After the first month everyone gets two "free days" from me. (a free day is a day that the parents can use whenever they want or need to.. if their child isn't in care for whatever reason I don't charge them for that day.)
Every month thereafter that I am paid on time and in full another free day is added to their account.
I will be requiring that I get paid for all holidays that I am closed, but when I go on vacation every summer, I don't expect payment. Free days cannot be deducted instead of payment for holidays .. and I don't feel right collecting money for 2 weeks in August while I sit next to the ocean working on my tan.
If I am sick and have to close, I don't require payment and parents wont lose a free day.
The idea of these free days is to help out parents if their child is sick and they cant send them. I would like to avoid the idea of "well I have to pay for the day anyway, so I am sending kids" Plus if the child is home sick, the parent may have to take the day off and to have to pay me anyways doesn't seem right. Free days also come in play if the parents go on vacation. Assuming they have been paying me on time the will have a small pile of them accumulated and can go away for a week or two and not have to worry about paying me. Perhaps use the money to do some extra fun stuff with the kids.
Now I am not sure if I want to either put a cap on how many free days parents can accumulate or maybe on how many they can use at a time. I can imagine a scenario where I have had a family for a few years and they announce that they are using their free days for a vacation... all 30 of them

So anyways.. what do you all think? Good idea? Too complicated perhaps? Something I am missing that could burn me?
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