If you charge the weekly rate X 4, you will be cheated out of 4 weeks a year! What you do instead is take your weekly rate, for demonstration, I will just say $100, and multiply it by 52, then divide that by 12. For this demonstration, it would be:

$100 x 52 = $5,200

$5,200 / 12 = $433.33

So your MONTHLY charge would be $433.33. Be sure to explain this to the parents, because many people mistakenly think that a month is 4 weeks. It is not. If you simply did your weekly rate X 4, you would only receive $400 per month (in this demonstration). Quite a difference!!!

You might also explain to them that you understand that February has 3 less days than some of the other months, but the $433.33 is an AVERAGE. Explain the math, and that it all works out to the same amount after a year's time.

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