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Sasha Whit
I am 18 almost 19 years old, and I am babysitting a 4 month old baby boy. I am CPR certified and have my drivers license. I have no idea how to begin asking for more money, because I feel that it would be rude and I don't want it to seem like I am ungrateful. I have the baby from 5:30am till 4:00pm, so almost a 12 hour day. I watch him Mon-Fri every week. She is paying me every two weeks, so over 100 hours... She is only paying me $100.00 a week, so $200.00 every two weeks! Every one I have talked to says that is ridiculous and not even right! I have talked to several mothers with babies around the same age and they all keep telling me that to send a child to daycare or to be babysat is aroud 400-500 dollars in my area. How do I begin to tell her that though? I used to babysit her older son and daughter as well but now they are in school and live with their dad. So I have been around a long time, but I was never full time babysitting them. At that time I was getting paid $5.00 an hour for both kids, which wasn't bad because they were older and not as needy. But this is practically a brand new baby! I mean I see the baby more than the mother does! Not to mention he is a very needy baby, he costantly has to be held. For him to sleep he has to be held, i have to be pacing the floor to get him to go to sleep, but the second i put him down he wakes up and cries, as well as pacing the floor to feed him. He does not like being put down. I understand that because he is a baby, but to rock him for 10-12 hours isnt okay!!So i am pretty much getting paid $2.00 an hour. Help, what do I do?
Answer
First off, you need to determine what you want to be paid and more importantly, be prepared to quit and find another job if you're not satisfied with the outcome.
From the sound of your situation, it seems like you're doing this for a relative or close acquaintance, which can be a little uncomfortable.
Instead of marching up to her and asking for more money, let her know that if your financial situation doesn't change, that you'll be forced to take another job and she might loose you altogether as a babysitter. Remind her of the personal, all day attention her baby gets, and that will not happen in a daycare even though they charge more for their services. Let her know the toll it takes on you and any mother would pay a fortune if they can find someone to devote that "one on one" attention to their precious baby. Let her know that you're actually depriving yourself of certain freedom and luxuries because of the time it takes and the low pay involved.
Do all this with a sympathetic tone and not an angry or demand one. but be firm in what you what. Have a figure already in your head that you're very comfortable with and let it be your figure. If you don't nail down a number, she simply say "i'll give you a little extra then" and when payday comes around she'll probably give you and extra $50 which is not what you had in mind and then you're back to square one.
If she says she can't do any better, then its up to you to decide how much longer you want to keep doing this and the current rate.
First off, you need to determine what you want to be paid and more importantly, be prepared to quit and find another job if you're not satisfied with the outcome.
From the sound of your situation, it seems like you're doing this for a relative or close acquaintance, which can be a little uncomfortable.
Instead of marching up to her and asking for more money, let her know that if your financial situation doesn't change, that you'll be forced to take another job and she might loose you altogether as a babysitter. Remind her of the personal, all day attention her baby gets, and that will not happen in a daycare even though they charge more for their services. Let her know the toll it takes on you and any mother would pay a fortune if they can find someone to devote that "one on one" attention to their precious baby. Let her know that you're actually depriving yourself of certain freedom and luxuries because of the time it takes and the low pay involved.
Do all this with a sympathetic tone and not an angry or demand one. but be firm in what you what. Have a figure already in your head that you're very comfortable with and let it be your figure. If you don't nail down a number, she simply say "i'll give you a little extra then" and when payday comes around she'll probably give you and extra $50 which is not what you had in mind and then you're back to square one.
If she says she can't do any better, then its up to you to decide how much longer you want to keep doing this and the current rate.
How much car can I afford, and what car should I get with that budget?
Nick
Hey guys, so I'm a young professional in my mid 20s and I still have my first car that my parents bought for me after I graduated high school (An old VW Golf GTI It's not bad). I think its time for a change, as it's kind of embarassing to pick up women in it. So currently I'm making around 175k after tax per year, and around 25k in rent is coming to me as well per year, but that's not guaranteed. My total expenses are 4 k a month, sometimes less. So, what would you guys recommend? Preferrably the car would be at least capable in all weather conditions.
Answer
I answered another question kind of like this... This is the answer I gave the other person below. You don't say what your age is, so I can't recalculate the numbers, but you're a young professional â I am sure you can figure out how to work a compound interest calculator. Some other guy said 50% of your income is acceptable... which is over $80k for you. Since you shouldn't have a car loan for more than 3 years, you could buy a 40k car and invest the other 40k...
You can get a lot for 40k. Does it have to be brand new? You could get a 2 year old 5 series or a 3 or 4 year old 750xi for around 40k with AWD. A 2 or 3 year old car has already depreciated a lot in value, and as long as you get a car that is still being made (meaning the body style, etc., hasn't completely changed) no one will know it is old unless you tell them. If you buy it pre-owned from a car dealer, you can probably get an extended warranty, etc. If you don't like BMW, check out the Infiniti M37x or M56x. You can get a 1 or 2 year old one for around half of what they are selling for brand new.
As for a car being suitable for all weather conditions, if you get a car that is AWD and put snow tires on it, you will be fine. The tires are SOOOOOO important. Don't cheap out and just get "all-season" tires. You need winter tires for the winter. Check this out: http://www.youtube.com/watch?v=L2wTg0l3_wI it shows summer vs all season vs winter tires.
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Your car loan shouldn't be for more than 3 years... Since you're 22 now (you didn't give me your age, so i can't recalculate this), if you invested that 40k over the next three years and could average 6-8% over the next 40 years, you would have...
$442,000 â $935,000. Is that car really worth almost an extra $1,000,000? (Accounting for inflation at 2.5%/year, that comes to almost $170,000 â $353,000. So, whatever you could buy for that today, you could buy the same exact thing when you are 65.)
Also, make sure you fully fund your ROTH IRA and your 401(k) to the match (if you get a 401(K) plan through your company) before you even worry about buying a car that is well above your means. You're very young, so now is the time to invest for your retirement... You'll thank me when you are old :) BY THE WAY!!! You can get a Roth IRA even though you don't qualify for one because you make too much money. Open a non-tax-deductible traditional IRA and do ROTH conversions.
~~~~~~~
My rule of thumb is don't spend more than 10% of your monthly after-tax income on a car payment... You probably make around 120k/yr after-taxes without counting your rental income. Don't figure your rental income into what you make because at any time your tenants could simply stop paying you. 120k/yr is 10k/month. A 40k car loan with no down payment over three years is going to be around 1150-1200/month depending on the interest rate you get. I think that's perfectly acceptable to go a little over the 10% in your case because you make a larger amount of money than the average person.
Also, count on your gas bill and insurance bill going up with having a luxury car. It shouldn't really affect you too much, but it's something to consider.
I answered another question kind of like this... This is the answer I gave the other person below. You don't say what your age is, so I can't recalculate the numbers, but you're a young professional â I am sure you can figure out how to work a compound interest calculator. Some other guy said 50% of your income is acceptable... which is over $80k for you. Since you shouldn't have a car loan for more than 3 years, you could buy a 40k car and invest the other 40k...
You can get a lot for 40k. Does it have to be brand new? You could get a 2 year old 5 series or a 3 or 4 year old 750xi for around 40k with AWD. A 2 or 3 year old car has already depreciated a lot in value, and as long as you get a car that is still being made (meaning the body style, etc., hasn't completely changed) no one will know it is old unless you tell them. If you buy it pre-owned from a car dealer, you can probably get an extended warranty, etc. If you don't like BMW, check out the Infiniti M37x or M56x. You can get a 1 or 2 year old one for around half of what they are selling for brand new.
As for a car being suitable for all weather conditions, if you get a car that is AWD and put snow tires on it, you will be fine. The tires are SOOOOOO important. Don't cheap out and just get "all-season" tires. You need winter tires for the winter. Check this out: http://www.youtube.com/watch?v=L2wTg0l3_wI it shows summer vs all season vs winter tires.
~~~~~~
Your car loan shouldn't be for more than 3 years... Since you're 22 now (you didn't give me your age, so i can't recalculate this), if you invested that 40k over the next three years and could average 6-8% over the next 40 years, you would have...
$442,000 â $935,000. Is that car really worth almost an extra $1,000,000? (Accounting for inflation at 2.5%/year, that comes to almost $170,000 â $353,000. So, whatever you could buy for that today, you could buy the same exact thing when you are 65.)
Also, make sure you fully fund your ROTH IRA and your 401(k) to the match (if you get a 401(K) plan through your company) before you even worry about buying a car that is well above your means. You're very young, so now is the time to invest for your retirement... You'll thank me when you are old :) BY THE WAY!!! You can get a Roth IRA even though you don't qualify for one because you make too much money. Open a non-tax-deductible traditional IRA and do ROTH conversions.
~~~~~~~
My rule of thumb is don't spend more than 10% of your monthly after-tax income on a car payment... You probably make around 120k/yr after-taxes without counting your rental income. Don't figure your rental income into what you make because at any time your tenants could simply stop paying you. 120k/yr is 10k/month. A 40k car loan with no down payment over three years is going to be around 1150-1200/month depending on the interest rate you get. I think that's perfectly acceptable to go a little over the 10% in your case because you make a larger amount of money than the average person.
Also, count on your gas bill and insurance bill going up with having a luxury car. It shouldn't really affect you too much, but it's something to consider.
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Title Post: How to ask the woman you babysit for, for more money?
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Rating: 98% based on 9457 ratings. 4,7 user reviews.
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Thanks For Coming To My Blog
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