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Daycare Center and Family Home Forum>Rate Opinion Please!
KayB 11:42 AM 10-26-2016
I want to increase my rate in January for 4 of my families to get them up to what all my other families pay. It will however be a $25 a week increase per family. In your opinion do you think that is way to high of a jump?
Thanks!!
Thanks!!
Cat Herder 12:14 PM 10-26-2016
It would cost me those families. 
I generally only go up in $5 increments per year on current families.
I am going up $45 per week for new families next year, myself, to support all the "quality improvements" I have had to make.
I generally only go up in $5 increments per year on current families.
I am going up $45 per week for new families next year, myself, to support all the "quality improvements" I have had to make.
Blackcat31 12:18 PM 10-26-2016
Originally Posted by Cat Herder:
It would cost me those families.
I generally only go up in $5 increments per year on current families.
I am going up $45 per week for new families next year, myself, to support all the "quality improvements" I have had to make.
I agree... I think that's a rather large increase all at once. It would cost me those families.
I generally only go up in $5 increments per year on current families.
I am going up $45 per week for new families next year, myself, to support all the "quality improvements" I have had to make.
I haven't raised rates over all for any current child, only new children coming in (even if they are a sibling to another child).
Another change I made instead of increasing the rates for current children, I made the move to contracted hours instead. Doing that created a rate increase only for those families that couldn't pick up before my closing time.
KayB 12:25 PM 10-26-2016
So give me an idea how I could do it if you will please. Right now they pay $100 a week and all other families pay $125 a week. The ones who pay $100 a week come 4 days a week.
Blackcat31 12:28 PM 10-26-2016
Originally Posted by KayB:
So give me an idea how I could do it if you will please. Right now they pay $100 a week and all other families pay $125 a week. The ones who pay $100 a week come 4 days a week.
How many days a week do the ones that pay $125 a week come? Are they 4 days also? So give me an idea how I could do it if you will please. Right now they pay $100 a week and all other families pay $125 a week. The ones who pay $100 a week come 4 days a week.
How many families are you wanting to increase rates for?
How many children?
Do you have a sibling discount? Do families pay when absent?
Do the 4 day a week families paying $100 stay from open to close?
Sorry for all the questions... but I might have some ideas..
KayB 12:42 PM 10-26-2016
Originally Posted by Blackcat31:
How many days a week do the ones that pay $125 a week come? Are they 4 days also?
How many families are you wanting to increase rates for?
How many children?
Do you have a sibling discount? Do families pay when absent?
Do the 4 day a week families paying $100 stay from open to close?
Sorry for all the questions... but I might have some ideas..
No problem on the questions! I need input!How many days a week do the ones that pay $125 a week come? Are they 4 days also?
How many families are you wanting to increase rates for?
How many children?
Do you have a sibling discount? Do families pay when absent?
Do the 4 day a week families paying $100 stay from open to close?
Sorry for all the questions... but I might have some ideas..
The others come 5 days a week
There are 3 families of 1 child each and 1 family with 2 children
I do give sibling discount and all families pay no matter if they are here or not
They all stay from open to close
Blackcat31 01:17 PM 10-26-2016
Originally Posted by KayB:
No problem on the questions! I need input!
The others come 5 days a week
There are 3 families of 1 child each and 1 family with 2 children
I do give sibling discount and all families pay no matter if they are here or not
They all stay from open to close
I would raise your rates for sure then! No problem on the questions! I need input!
The others come 5 days a week
There are 3 families of 1 child each and 1 family with 2 children
I do give sibling discount and all families pay no matter if they are here or not
They all stay from open to close
But I would do it so that it costs less the more days you use.
Second thing I would do is get rid of the sibling discount.
The ONLY way I would *maybe* agree to keep it, is if parents keep BOTH (or all) kids home when one of the kids is home or allow 5 day a week families to have a sibling discount. (I tend to keep perks for those families that use full time care verses allowing everyone to have the same benefits)
If you charge families that attend 5 days a week $125 that is $25 a day. Raise your rates for 4 days a week to $26 a day. (Right there is $4 per week)
Then I would cap the number of hours they use to 8.
If they need 9, it's another $1 (per day)
If they need 10 hours, it's another $2 (per day)
So if a 4 day a week family pays $26 a day, adds in $2 more for a 10 hour day. That immediately puts your all day/4 day a week kids at $112.
If you make it an ala`carte menu for rates, you always win...
Parents choose to pay more or they choose to pick up earlier. Either way, it's less work for you. More $ for the work you already do or less work.
Is that the kind of input you are looking for?
Blackcat31 01:21 PM 10-26-2016
I also sent you a PM 
KayB 06:07 AM 10-27-2016
Blackcat, THANK YOU so much for all your help!!!!
KayB 06:42 AM 10-27-2016
Blackcat, THANK YOU so much for all your help!!!!
Blackcat31 08:07 AM 10-27-2016
Originally Posted by KayB:
Blackcat, THANK YOU so much for all your help!!!!
You are welcome! Blackcat, THANK YOU so much for all your help!!!!
Hopefully it was all useful and works out great for you!
