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pashok25 [27]
4 years ago
15

So im 12 yrs old and i have been asked to babysit my neighbors two boys for 4 hours 5 days a week ( one 4 one 2 yrs old) since i

have never babysat professionally and have some experience with babysitting my sisters, how much should i ask her to pay me?
BTW the mom will be there she just needs some extra help while she recovers:)
Business
1 answer:
garik1379 [7]4 years ago
3 0

<em>Babysitters make more in cities with a high cost of living. According to Care.com's study, the average hourly babysitting rate in San Francisco, for example, is $16.65, compared to the national average of $13.44 an hour. Babysitters in all of the 75 cities examined all made over $11 an hour.</em>

<em>Babysitters now bring in an average of $15.71 an hour, an increase from about $14.91 an hour in 2015, according to new data from childcare website UrbanSitter. Watching two kids comes with an hourly wage of at least $18, the site reported.</em>

<em>Babysitters make more in cities with a high cost of living. According to Care.com's study, the average hourly babysitting rate in San Francisco, for example, is $16.65, compared to the national average of $13.44 an hour. Babysitters in all of the 75 cities examined all made over $11 an hour.</em>

I would say at least half the amount an average babysitter would get paid because your 12. SO around 6.50 an hour would work. Professionally if she wants you to do anything around the house for the children like cleaning up after them, feeding them, supervising them, that comes with responsibility, if you don't think 6.50 is enough for an hour, then go with no more than 8 dollars. Someone your age in reality should get paid no more than an average person. Especially because the person is young, like yourself. Goodluck. :)

<em>There is not a set amount of money that an 11 year old kid can expect to earn working side jobs. For instance, 11 year old youngsters can expect to earn $5 and up at certain jobs like shoveling snow. There is, however, a limited amount of time that 11 year old can dedicate to working side jobs though.]</em>



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<u>Year     Cash Flow     PV Factor     PV of Cash Flow   </u>

0          -$9,000               1              -$9,000    

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2           $4,000            0.761            $3,044    

3            $2,000           0.6575       $1,315    

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<u>Year      Cash Flow      PV Factor       PV of Cash Flow </u>  

0          -$9000                    1               -$9,000    

1            $1,000                  0.8696       $869.6    

2           $2,000                  0.761          $1,522    

3            $11,000                 0.6575       $7,232.5    

NPV                                                         $624.1  

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