HAVING TO HOPE THAT YOU WILL GET PAID ON TIME IS FRUSTRATING. ESPECIALLY IF THIS HAPPENS EVERY WEEK. WELL, IF THAT’S YOU READ ON FOR THREE SIMPLE WAYS TO GET DAYCARE TUITION PAYMENTS ON TIME EVERY WEEK!
One of the first things I hear from providers is what can they do to get tuition payments in on time. If you are a childcare provider I am almost certain you are saying a big AMEN right here. Which is one of the reasons I write about this issue regularly. Well, today I have a few EASY suggestions for how to encourage clients to get tuition in on time EVERY WEEK!
Get Tuition On Time – EVERY WEEK!
If you are a provider I don’t even have to ask. YOU ARE BUSY! Busy with the kids, curriculum, cooking, cleaning – the list goes on and on! The last thing you need is another task. I HEAR YA!
Here’s my strategy to Get Tuition On Time
Well, no worries. It is not my job to add to your to-do list. So instead of me telling you that you need to develop a strategy to get paid on time, I would rather help you with something that has helped me.
Related Reading:
I have a 1, 2, 3 punch!
Today I want to share my 1, 2, 3 punch for encouraging on-time tuition payments. These three easy things have greatly decreased my having to chase payments every week. So enough with the intro. Here is my proven strategy for how I get tuition payments on time every week.
My Payment Strategy
I even made it into an infographic so you can easily refer to this tuition strategy
3 Steps To Get Tuition On Time
- YOUR CONTRACT – Have a clear payment policy in your Daycare Contract. Be sure to include details like how much is due, how it’s to be paid when it’s due, and what happens if it’s late.
- DON’T FORGET – Reminders never hurt anyone. Remember when you last received a reminder that payment was coming due? That was helpful right? Reminding your clients can be super helpful and a lot less painful than chasing late payments. Try setting up an automatic email or text.
- EASIER PAYMENTS – Make it easy for them to pay you. Nowadays there are several payment methods that people are used to using regularly. Consider adding a few other than the standard cash or check payments. That way if someone “forgets”, you can remind them of other ways to pay you and avoid a “late fee”.
More Info.
Here I have listed what I think are some of the most important things to include in your childcare contract and your payment policy is definitely on that list.
Just in case you need more info on how to set up automated emails? I got you covered! Check this out. Oh, and just in case you need some help with writing those helpful reminders, don’t forget to pick up your copy of The Little Backbone Book.
If you would like to consider other methods for receiving payments, check out the Square Cash App. Quite a few of my clients have commented on how easy and convenient it is to use.
That’s it! I told you it was easy!
