I'll give you my take, and I'm a bit jaded from my experience, honestly.
I was a single mom for years, and I just started staying home this October. Last year I made the decision to go back to school full time, and I was going to work part time. It was a disaster, my house still hasn't caught up from that mess! So, with me on the brink of an emotional breakdown, my boyfriend and I decided that I should stay home.
The next semester, I ran into a girl I'd worked with. I knew she was a single mom, working and going to school part time, with two kids. I casually mentioned that if she ever needed help, just to let me know. We'd had a certain agreement at my old job that if you ever were in a bind, people would help out (we were servers, so in the since that I'd watch yours if you watched mine sort of thing).
She called me a couple of weeks later, and asked if I could watch the kids that week. The next thing out of her mouth was if I could watch them 5 days that week. (First off, so not what I was planning) We settled on a price, which wasn't much.
I ended up making $2.50/hour for two kids. I wasn't doing it for the money, I was doing it because I was a sap who couldn't say no. I know what it's felt like to raise a kid on my own without help in the babysitting department, and it's not fun, at all.
So, when the summer started, I told her I'd only watch the kids during the week. It was going to be about 25 hours/week, but it wasn't that bad, honestly. All of a sudden, she was calling me every weekend to say she didn't have anyone for her. I was officially seeing her kids more than she was seeing them. When she did bring over food, it was junk ... which again, wouldn't have been a huge deal because we always have leftovers, so if they'd eaten the food I'd cooked we would have been fine.
We ended up getting into a pseudo fight. She cornered my boyfriend at work and asked what was wrong with me. He didn't want to talk for me, but said honestly, he thought I was being taken advantage of. She wrote me a long text about how she was supporting our lifestyle

and I was charging her too much money.
NEVER AGAIN!
It just wasn't worth it. I am watching my friend's son when school starts next week for a few hours a day, everyday. He's a doll, and very respectful and sweet. I love this kid, and my friend was paying $1200/month for daycare for her two kids, so what I'm charging her is honestly nothing ... but it'll really help her. Again, she's a single mom, but an actual friend. Plus, he's become pretty much my borrowed son, so I know this won't be as bad. It comes into play that we won't be able to go to Disney on a whim after school anymore, but that's fine. We'll get used to it ... or I'll buy him a Disney pass
