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My worry is putting up with your income affected , and there's no way of knowing if you will indeed end up with both kids . Grandma or a friend helping out has cost me a couple of jobs already !
I would prob fill the full time spot and see what happens in the future , this business seems to have a high rate of turn over , at least for me !!
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If you have it in your contract that you can terminate a part-time for a full-time child then maybe tell mom you cannot offer her the part-time spot any more and see if she is willing to start paying full-time now.
Are you getting paid when she is away sick? If you are I wouldn't worry about her not being there