Scenario: Client wants care in October... It's March now

[Judy Trickett]

Do you put that 200.00 towards fees at any point or is it all just a holding fee (money in your pocket?)

I charge a 150.00 per month holding fee but use it towards the first months fee. I wonder sometimes if I should change that.

Knowing fruitloop my guess is she KEEPS that money. I would too. It pays for the income loss for every month you don't have an actual child IN that space.

[fruitloop]

Knowing fruitloop my guess is she KEEPS that money. I would too. It pays for the income loss for every month you don't have an actual child IN that space.

Yes, Judy is right, that money goes towards nothing. It is to cover a small portion of my income loss. Now, if i don't have a spot open until a certain time, I would just charge my $200 registration fee and THAT does go towards their last months fees. But, say I have a space that opens up in June and they don't need it until September but want it held, I would charge them the $200 registration fee (which is mandatory upon signing on with me) and then when June comes (when the spot opens) they would have to pay me the $200 holding fee every month from then on to keep that spot open for them until September.