There are two big problems with “nanny tax”.

One, most people who hire a babysitter don’t believe that they could be affected by “nanny tax”. It seems like it should only apply to families that have a live-in au pair or a full-time nanny. You just have a sitter cover an occasional date night and take care of the kids during the summer break. That doesn’t call for dealing with taxes, does it?

Budget, Financial TipsPhillip R. ChristensonMay 2, 2019Phillip James Financialfinance and kids, financial plan for a family

Budgeting for the people who hate budgets

Budgeting has a bad rep. Let’s try to rescue it.

What is the single best predictor of your ability to, someday, retire with a measure of financial stability?

If your guess is high income levels or winning the lottery, guess again. Research has demonstrated that consistent saving behavior is the ultimate key.

Budget, Financial TipsPhillip R. ChristensonAugust 3, 2018budget, spending and saving money, savings, budgeting tips