I think you got some great answers from the ladies already. Has this mother asked you to lower your fee? If she has why not ask her what she feels is a fair price to pay and one that she feels she could honestly manage. I have done this with families - I sit them down and explain that my fee is xyz and that includes <explain all the services that I provide for that fee>. I then ask them what they think they could reasonably pay within their budget and a fee that they think would be fair to me and my family as well.
Like someone else said you could always see if she is into bartering too. She might have a skill that you could use - even if it is something like croqueting blankets
One other thing to think about is - what do you think would be fair to you and your family? I know you said this is a hobby and something fun to do on the side, but there is also so much more that goes into a decision like this. How will it impact your children? Your time away - what value is that to you and them? I say all of this after learning the hard way that being away and volunteering to do tons of birth can truly impact my family. It can be great to teach your children the value of helping others either by volunteering or lowering your fee, but please also remember that your children will be away from you during your times with this mom too.
For that reason I have created a sliding scale and offer that to people, but I also offer fundraising for those who can't afford my fees. I sell Mary Kay so I do fundraising with them that way.
Sorry I know that I didn't really answer your question and am rambling - that is what happens when I try to create a message with my two oldest teens goofing off in the background 
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