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CM Club - Charging same monthly figure - what if Term Time Only????

9 replies

looneytune · 09/09/2007 12:58

Me again

I'm going to be asking parents to pay me the same monthly figure from next year as it makes life so much easier. I already have one parent who pays this way.

Do any of you do the same? If so, what do you do if you have someone Term Time Only?

TIA

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mogs0 · 09/09/2007 13:08

I have one mindee who I look after term time only. He comes 38 weeks per year. 38 x weekly rate divide by 12. If he does any extra days it's charged as and when at the normal daily rate.

Katymac · 09/09/2007 13:21

I only accept payment this way

It makes things a bit odd when they leave (& for TTO you need to think about notice periods) as you may have a balancing payment in either direction

Original poster
looneytune · 09/09/2007 13:24

Thanks for that. Katymac, that's the very reason I asked. I've always known about having to check when it comes to final invoice but because TT only has much less days in the year, I wasn't sure what other people did. I'm going to do what Mogs mentioned, which is the same way as I do for the one who pays same amount each month. I just need to make sure I include my holidays plus bank holidays.

Thanks for you help

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Katymac · 09/09/2007 13:34

I would start in September then they have paid nearly all of it by the time the summer hols are done (that way they cn't wnder off owing you loads)

Original poster
looneytune · 09/09/2007 13:45

Oh.....errrr.....I'm paid in advance so done already for Sept. Plus, I thought I should give some notice as I'm changing the way it's done?

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Katymac · 09/09/2007 13:56

Well remember if they slope off in Jun - you will owe them loads

Anna8888 · 09/09/2007 14:17

CMs - a question out of curiosity - if you look after mindees in term-time only, do you or do you not charge a "retainer" for the holidays?

Original poster
looneytune · 09/09/2007 14:23

I think I'll keep this Term Time only one as it is. It's a pain but I don't want to be owing lots!!!

As for retainer.......if they took up the only space I had for over 5's and I couldn't get someone wanting holiday only care then yes I would. As it happens, I have other spaces and not had enquiries for over 5's (not really advertising though) but if I was turning work away then I would!

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Anna8888 · 09/09/2007 14:26

LT - thanks. That sounds very fair.

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