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 […]
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 […]
How to Spend Your Holiday Bonus The start of a new year is a great time to take control of your financial life. If you worked hard and the parents rewarded your good work with a holiday bonus, don’t spend the extra income frivolously. Use the extra money to pay-off debt, build an emergency fund, […]
Not Your Parents’ Money Book by Jean Chatzky Now that it is holiday season it’s the perfect time to teach kids about giving and money management. Most books about teaching kids about money are written for adults. But, Jean Chatzky wrote Not Your Parents’ Money Book: Making, Saving, and Spending Your Own Moneyfor children. […]
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, […]
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