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

Teaching Young Kids About Money

When should you start talking to your kids about money?

As parents, we know that it’s our job to teach our kids about the world. We talk to them about making friends, staying away from drugs, and looking left and right before they cross the street.

Fee-Only Financial Advice, Financial TipsPhillip R. ChristensonNovember 1, 2018Phillip James Financialfinancial help, finance and kids, Financial Advice