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DH's cousin just finished AIT and is going to be stationed at the same base that we are currently at. She is a newly single (her husband left her while she was in training) mom of a little boy (3 or 4 years old) and a PV1 (E-1). Since I will be staying home with Jude, I offered to watch her son for her but neither of us are sure what is a reasonable amount to charge for watching him. Obviously, anything is more than I am making now but I don't want to undercharge. At the same time, the whole point is for both of us to benefit from the arrangement so I don't want to ask too much because she only benefits if she is saving money - and will still have to find a backup sitter for when I have a long drill or other military obligation.
Anyway, according to DH, the childcare facility on post charges $500/month plus additional fees for dropping your kid off early or picking them up late.
I was considering asking somewhere between $75-$100/week ($15-$20/day) with no extra charge for early or late drop offs. Is that reasonable for both of us? She'd be dropping him off around 6 a.m. (before PT) and picking him up around 5 p.m.
The base daycares charge by rank/rate. So it is different for everyone. I was paying almost 3 times as much as some of my minions. I think daycare prices vary by location for civilan care. I would call around and see what the going rate for inhome care were, and adjust off that since youre not licensed and not claiming on taxes (assumptions of course).
Honestly, I think your proposed rate is MORE than fair. The few times I have hired someone who has professional nanny experience (also a friend of ours) to watch Josiah for a few hours, the rate has been $15/hr. I agree that you should find out the going rate of in-home daycares in your area before setting your price.
I think your proposed rate is actually REALLY cheap. I know you want to help her out, but also benefit from it yourself... I would probably up it to around 200 a week. Even that is still a great deal! I'm betting that nobody else would be able to watch her child eleven hours a day for only 40 bucks. So I think thatd still be benefiting her, and at least you wouldn't be ripping yourself off yaknow?
Another way of doing it is calling around to daycares and asking to get a idea of what they would charge. Because if it is a ridiculous amount anyone would do daycare instead (not meaning u but just to put it out there).
I think daycare prices varies so much by where you live which is why I suggested finding out not just daycare prices but also family daycare prices. Because if she decides to take her child there instead it will also be your loss moneywise (although'll have less work to do). Daycare here is about $150/week and its from 7am to 6pm; you can claim it on your tax, and they have liability insurance, and "trained" staff; so offers some advantage that may not be offered in a informal arrangement. On the other hand, it ranges from $65 to $85 per day where we live in aussie!