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 […]
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On the first day of the new year we discussed how to spend you holiday bonus which led into this week’s discussion on how nannies should develop a financial plan. If you’re already debt-free, have fully funded your investment accounts, and have your emergency funds are in order, you’ve got it made. There are plenty […]
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Retirement Investments What did you do with your holiday bonus? What did you do with your last raise? Did they fall into the abyss of stuff you don’t remember you purchased? If you have been following our discussion this week, you are already aware that paying debt and establishing an emergency fund are good uses […]
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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. […]
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Getting Out of Debt If you have followed our advice over the past few days you know how much money you have, how much that you owe, and have established a goal for your money. Now the question is: “Who to pay first?” You should pay yourself first. The money should be used to pay […]
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Making a Budget for Nannies A new year. A new decade. You have made your resolutions, your targets, and your goals. We want to continue with your financial checklist and get you to make some financial resolutions. It’s time to make a budget. You need to know where the money you earn went and where […]
[Continue reading...]Click here to see the article on LAtimes.com today explaining it’s hard for parents to find nannies that have had the H1N1 flu vaccination. Just a portion of the article is sampled below. Many refuse — some out of fear — and that can cause a rift between caregivers and the families that employ them.By […]
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A New Year, A New Financial Plan Let’s Get Started! On New Year’s Day we discussed how to spend your holiday bonus. The same priorities apply to your financial plan, whether you received a bonus or not. First, you should pay off you debts. Once debts are under control create a savings account or emergency […]
[Continue reading...]Happy New Year Everywhere! by Arlene Erlbach The author shares traditional customs and traditions of celebrating the New Year from 20 different countries. Different cultures may celebrate the New Year using different calendars and holiday names. Each section highlights a different county, the date(s) of their New Year observance, the name of their New Year holiday […]
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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, […]
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