By Warren Burger, Luminary Financial Advisors As a nanny, it’s rare to find a family offering a 401(k) plan so it’s important that you are aware of other options to save for your future. There are several options available to build wealth for your retirement, and just like 401(k)s, many of these vehicles also offer […]
Win One of Four $50 Grocery Gift Cards Sponsored by The Kuhniverse Jennifer Kuhn of The Kuhniverse explains that getting a paycheck during the era of COVID-19 is not a guarantee for any of us, and this is also true for nannies and childcare workers. Now more than ever, with so much financial uncertainty looming […]
Talking About Money with Kids One thing all parents and caregivers can agree to, no matter their socioeconomic level, is they don’t want to raise spoiled children. Ron Lieber discusses all the difficult topics surrounding money and children in his book The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money. […]
Organizing the home for your charges By Lorie Marrero, Creator of the The Clutter Diet Organizing is part of every nanny’s job. To organize the home successfully always keep the family you work for, and the children you care for, in mind. 1. Communicate first about organizing anything for your employer. Some people are very […]
Hope for the Best, Plan for the Worst From The Money Class by Suze Orman I just finished reading Suze Orman’s The Money Class: Learn to Create Your New American Dreamand her advice may be the most important information I can share with working, unemployed, and underemployed nannies this year! Every week, (sometimes daily), I […]
Product Review Sunday During the holidays we spend a lot of money to share gifts with others, making this the perfect time to teach kids about money. Yesterday, we highly recommended sharing the children’s book, Not Your Parent’s Money Book by Jean Chatzky with your charges to help teach them about money management. Below are some super games and toys […]
Making Sense of the Recent Confusion About Student Loans Many nannies owe student loans. President Obama announced that he will issue an Executive Order making certain changes in the program. I found the reporting of the nature of the program to be sketchy and misleading. For the convenience of those who borrowed to go to […]
How to Find a New Bank Change isn’t my forte. I’ve lived in the same apartment for over seven-years. I have two Bank of America ATMs on my one-mile walk to work and another right next door to the PO Box I use for this newsletter. I’ve gone to the same location for banking for over ten-years, […]
Use Your Head, Not Your Heart Consider Before You Buy I keep finding nanny friends over-buying. They don’t have the same income as their employers, yet some seem to covet what the parents who hire them have. Buying what you do not need is never a good deal. Do not buy emotionally. You know the […]
Organize, Don’t Agonize Don’t Be Lax on Tax: If you feel stressed-out or panicked by the prospect of filing taxes, we suggest a list of lists to enable you to direct your energies properly. Do you get aggravated when it is time to file your tax forms? Do you struggle to gather the proper information? […]
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