Raising Rate- I Messed Up :|
So I went to re-calculate tuition for the 2021/2022 school year and realized I completely messed up this year. I calculated days wrong and parents go almost an entire month free. They currently pay $320/month (4 days a week for for hours in the morning)
If I had calculated correctly, they would be paying an additional $316 for the year (so about a month's worth) Parents don't know I made this mistake, they are just happy to be getting a good deal. Even if I raised it, they would still be getting a great deal, but I feel like a $26/month jump next year is a bit much. I was thinking of doing a $15/month increase this year and another $15/month next year. What do you guys think? |
When did the new rates go into effect?
Either way I’d just tell parents that you did the math wrong and their new rate should be $xxx Blame it on COVID brain fog.... lol! I wouldn’t short change yourself by graduating into the new rate. I’d just do it. They’re getting a good deal either way. |
Originally Posted by Blackcat31: I don't think anyone would leave over it, but still feels like a huge jump! I'm not actually raising the rate at all, but will definitely seem like it :eek: |
Originally Posted by Blackcat31: I don't think anyone would leave over it, but still feels like a huge jump! I'm not actually raising the rate at all, but will definitely seem like it :eek: Also- Do you think it's worth mentioning that I miscalculated and they got a month free, or do you think I should just raise it and not worry about it. |
Originally Posted by Pandaluver21: This profession makes us care so much sometimes but in reality, it’s business. Correct the mistake and leave it be. None of your clients will probably even care. ;) |
Originally Posted by Blackcat31: I also realized, I may be thinking as a poor person. To me $26 is a lot of money each month... but for most people it's probably not that big of a deal :P |
I agree with BC. Otherwise, that difference in $ will be forever on your mind and cause you mental stress. If you do it gradually, your brain will keep ticking off how much $ you've shorted yourself; if you do it effective 6/1, your brain will accept last years goof quicker and go forward. (at least, that's how I can see myself feeling)
If your dcfs are happy with you, then please try not to stress about it. :hug: |
Originally Posted by Josiegirl: Bottom line: this is a business!!!!! Anyway, I agree, mistakes with money will stick in our head....so fix the issue immediately. You will be glad you did! :D Disclaimer: I LOVE my little great-nieces to infinity and beyond, but love does not pay the bills! Plus love does not teach accountability to the young millennials. My niece despises the word millennials but it is what it is.....she is one. :p |
Originally Posted by Pandaluver21: |
I would round it up to $30 increase, to help recoup some you lost this year. I don't think that is too much, when you break it down it's only about $7 a week.
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Originally Posted by racemom: A nice round number and less stress for you. :Sunny: |
Originally Posted by racemom: Originally Posted by Cat Herder: A friend I asked did point out that it's only $6-7 a week and that did help bring it into perspective! |
I always stressed out about money too. Then you realize just exactly what your giving them. I would have rounded up to 30. Then if questioned I would quote the daily increase .
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Sent home letters. Families had until April 19th to return. All but one returned the next day, and the last returned it today. All signed and staying for next year :ouch: Guess I need to stop over thinking things :rolleyes:
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