Daycare Center and Family Home Forum>Rate Conversion

thatdivalady 06:58 AM 07-14-2012

I know there are threads about weekly to monthly conversion and vice versa, but I'm just checking. These conversions do not apply for when parents choose to pay every other week, correct.

Meeko 10:37 AM 07-14-2012

If paying every other week, they just pay the weekly rate multiplied by 2.

If paying twice a month, it would be the monthly rate divided by two.

If paying twice a month, it would be the monthly rate divided by two.

Lucy 03:29 PM 07-14-2012

I get it that some people just don't have the "math" noggin. But really, it's so simple when you break it down. Simply figure out what your charge is PER YEAR, and go from there.

If you charge by the__month__, you are charging (example) $500 X 12 months, or $6000 per year.

If you charge by the__week__, you are charging (example) $115 X 52 weeks, or $5980 per year.

To convert monthly to weekly, just take the $6000 and divide by 52 weeks to get the weekly amount of $115.38

To convert weekly to monthly, just take the $5980 and divide by 12 months to get the monthly amount of $498.33

I'm not criticizing anyone at all. I realize some have better math brains than others. It's just genetics. If you think of it in terms of what it is per YEAR, you have it made.

If you charge by the

If you charge by the

To convert monthly to weekly, just take the $6000 and divide by 52 weeks to get the weekly amount of $115.38

To convert weekly to monthly, just take the $5980 and divide by 12 months to get the monthly amount of $498.33

I'm not criticizing anyone at all. I realize some have better math brains than others. It's just genetics. If you think of it in terms of what it is per YEAR, you have it made.

thatdivalady 08:57 AM 07-15-2012

I actually have a conversion sheet for weekly to monthly and monthly back to weekly as well as bi-monthly. But my actual question is, if they are paying every other week then I am actually not short any money at the end of the year, correct?

Sprouts 12:25 AM 07-16-2012

I actually have a conversion sheet for weekly to monthly and monthly back to weekly as well as bi-monthly. But my actual question is, if they are paying every other week then I am actually not short any money at the end of the year, correct?

$150 x 52 weeks= $7,800 per year

52 weeks / 2 = 26 "doubled" weeks x $300= $7,800

And if you get paid by month, you loose out considerabley if you calculate every month by 4 weeks

$150 x 4 weeks= $600 x 12 months= $7,200 per year

Instead it would need to multiplied by 4.33 weeks (52 weeks/12 months = 4.3333333)

$150 x 4.333333 weeks= $649.9995 x 12 months= $7,799.9995

thatdivalady 09:59 PM 07-17-2012

I just did the math and yes its the same. so if your weekly rate is 150....

$150 x 52 weeks= $7,800 per year

52 weeks / 2 = 26 "doubled" weeks x $300= $7,800

And if you get paid by month, you loose out considerabley if you calculate every month by 4 weeks

$150 x 4 weeks= $600 x 12 months= $7,200 per year

Instead it would need to multiplied by 4.33 weeks (52 weeks/12 months = 4.3333333)

$150 x 4.333333 weeks= $649.9995 x 12 months= $7,799.9995