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 […]
Do You Have a Retirement Plan? GTM Payroll Services, a well known and established nanny and household employee payroll company in America, announced yesterday that they have launched the GTM Domestic Workers 401(k) Retirement Plan. GTM Payroll Services explains that this type of retirement plan provides GTM household clients an excellent and cost-effective tool to retain […]
Make Money, Not Excuses: Wake Up, Take Charge, and Overcome Your Financial Fears Forever is written by Jean Chatsky is a popular financial advisor with appearances on the NBC Today Show, each Wednesday at 9am EDT. If you enjoy shopping and hate dealing with finances, then this book is for you. Jean Chatsky will gently guide you […]
Women and Money Since most nannies are women, this week we will review our favorite books to help women manage their money. Even in this century and new decade, many women let the men in their lives manage their money for them. But, don’t you hate women who just sit around waiting for Prince Charming […]
Weekly Trip to the Library This week we discussed starting the new year with a new attitude towards managing your money. We told you to plan a budget and live within your means. The next most important step is to pay-off debt. Then, you should build a savings account or emergency fund. Once your debts […]
Building an Emergency Fund for Nannies Stuff happens. Emergencies occur regardless of careful planning. Accidents, car maintenance, health problems, and getting laid-off are just the start of an endless list of possible threats to financial stability. Once you have paid-off your debts you should build an emergency fund that has at least six-months of expenses. […]
The start of a new year is a great time to take control of your financial life. The Wall Street Journal quoted us on the topic as holiday bonuses. If you were fortunate to receive a holiday bonus, don’t spend the extra income frivolously. Use the extra money to pay-off debt, build an emergency fund, […]
bethebestnanny.com 