Weekly vs. Monthly - a Poll

[Msdunny]

Hi all! I am thinking of switching my payment plan from weekly (paid after care) to monthly. Can you answer my poll as to how you charge, and tell me any pros and cons of your system?

Thanks so much!!

[EchoMom]

Weekly, paid Monday morning in advance. Some people pay with a check weekly. Other people chose to pay weekly or bi-weekly, and some pay through bank transfer/autopay.

[LaLa1923]

I get paid when my parents get paid. Some are paid every week, and some get paid monthly. As long as I get paid, I don't care when they pay me. I do get paid in ADVANCE though.

[Blackcat31]

I chose "Other".

I have parents choose from the following options:

Weekly (due by Friday 5 PM)
Bi-weekly (due every other Friday 5 PM)
Monthly (due every 4th Friday 5 PM)

I don't care which option they choose, just so long as once they choose one, they stick with it.

I personally don't have a preference as sometimes it IS nice to be paid weekly and other times, I like the monthly payments.

[TwinKristi]

I do monthly with an option of splitting it into 2 payments, I have a single mom who uses this option.

[kathiemarie]

I do it like BC but its due on Mondays. For the monthly payers they pay on the first Monday of the month.

[ihop]

I do weekly, paid the Friday before care. I have one parent who does 2 weeks at a time by choice.

[sally]

I get paid every other Monday.

[Kimskiddos]

I do monthly payments due on the 1st of each month, prior to care. Although I am flexible and have a few over the years that have paid weekly or bi-weekly. In advance of course.

[Willow]

I get paid every other Monday.

Same here.

For the previous two weeks care.

[NeedaVaca]

Hi all! I am thinking of switching my payment plan from weekly (paid after care) to monthly. Can you answer my poll as to how you charge, and tell me any pros and cons of your system?

Thanks so much!!

Do you mean switching to being paid monthly AFTER care? I wouldn't do that. My families vary, some pay weekly, bi weekly or monthly but always in advance.

[lovemykidstoo]

I get paid bi-weekly. I do have one family with 2 kids here that pays me about 2-3 months in advance.

[sharlan]

I let the parents decide, as long as it is in advance.

DCP #1 pays monthly.
DCP #2 pays every two weeks.
DCP #3 pays weekly, late, and always has a $10 - $30 late fee every week.

New DCP coming in wants to pay every two weeks.

[Msdunny]

Do you mean switching to being paid monthly AFTER care? I wouldn't do that. My families vary, some pay weekly, bi weekly or monthly but always in advance.

No, I would finish out November with everyone paying as usual, then on December 1st, payment would be due for December. I plan on sending invoices home by the 20th of each month letting them know what will be due for the next month, based on # of weeks in the month and/or vacation days I may take. For me, the idea of having the money come in at once (I only have 3 families) helps me make the payments that I make from my pay.

[jenboo]

weekly and they pay in advance