Fee increase?

[hooplahoop]

Was hoping someone could advise me, my dd is coming up to a year with her ( brilliant) childminder. Should I prepare myself for a fee increase or does it not happen automatically ( wasn't discussed when I first started)

Think she is charging going rate, if a bit higher than some, in our area

Don't want to start a bun fight about costs just trying to prepare budget....

Thanks

It doesn't happen automatically, we each do as we see fit for our own business, there's no rules about this

I don't put mine up annually, probably 2-3yrly at most. Would only do it if I really needed to rather than just because.

If nothing has been said I wouldn't worry.

Hiya,

I wouldn't assume that an increase was coming but then would also not assume it wasn't! Sorry, not much help really! I have been CM a little boy for just over a year now and have no intention of increasing fees, I earn an amount I am fairly happy with (I'm sure everyone would like to earn more) parents are happy paying it and he is a lovely child, I would not want to risk losing him/upsetting his parents for a few extra pennies.

I let parents know when I take their children on that there will be a fee review each Jan 1st (but sometimes it stays the same).

I review my fees in April, notify parents of any increases I propose to make which then take effect from Sepetember, giving parents plenty of time to budget for the increase if necessary. However, having said that I very rarely increase fees for current parents, preferring to charge an increased fee for new mindees as they start.

That all sounds very fair, thanks for the repsonses