This is my first post! I have been lurking on this site for a while but I am really struggling with a question that I know some one on this board will have some insight on.
I currently have 2 part time kids (7 & 4) and will be taking on 2 more part time kids this school year (4YO twins). When they started with me over 2 years ago, neither of the PT kids was in school so I set me rate as a day rate (9 hr) and a half day (5 or less) rate that seemed to work well for us. Now that the older one is going into 2nd grade and the younger child is starting 4K, I am effectively doing after school care for about $40/week for the older child. In essence, the older they get the more my pay goes down and I can't take on any more children because of the state laws. How do you handle PT after school care rates? I checked into what the "after school" program at the school charges and it is more than twice what they are paying me with much higher ratios.
The 4K program is a half day program so my half day rates will work for this school year for her, but when she enters full-time kinde next year, I will be down to $80/week for the 2 of them. The twins will be in a similar situation as they are going to be in 4K this year as well. Do I plan to term them all the following school year and start from scratch? Do I start charging a minimum rate no matter how many hours?
Please help! I am new to dealing with this type of situation and appreciate any wisdom you can lend me. Thanks!
Sara
I currently have 2 part time kids (7 & 4) and will be taking on 2 more part time kids this school year (4YO twins). When they started with me over 2 years ago, neither of the PT kids was in school so I set me rate as a day rate (9 hr) and a half day (5 or less) rate that seemed to work well for us. Now that the older one is going into 2nd grade and the younger child is starting 4K, I am effectively doing after school care for about $40/week for the older child. In essence, the older they get the more my pay goes down and I can't take on any more children because of the state laws. How do you handle PT after school care rates? I checked into what the "after school" program at the school charges and it is more than twice what they are paying me with much higher ratios.
The 4K program is a half day program so my half day rates will work for this school year for her, but when she enters full-time kinde next year, I will be down to $80/week for the 2 of them. The twins will be in a similar situation as they are going to be in 4K this year as well. Do I plan to term them all the following school year and start from scratch? Do I start charging a minimum rate no matter how many hours?
Please help! I am new to dealing with this type of situation and appreciate any wisdom you can lend me. Thanks!
Sara

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