I have a holding fee of $5/day per child (doesn't matter how many kids they have - a spot is a spot). They could pay you bi-weekly or at the beginning of each month to secure their spot.

Otherwise like someone else posted...keep advertising and have them call you closer to the summer to see if you still have space available. 4 spots out of 5 spots, that's just nuts. I don't know how they'll be able to afford that!

For me: $40/day x 4 kids x 5 days/week = $800!!!!! That's nuts!