Archive for April, 2008

What is Your Rebate Check Worth?

Friday, April 25th, 2008

It has been interesting to listen to some of the many ideas of what some of our friends and families plan on doing with their anticipated rebate checks.  As expected, there is an almost daily barrage of advertising from companies offering to help you spend it before the check even arrives.  While some families will need the money now to help make ends meet others plan on spending it in an assortment of different ways.  Very few people have suggested they plan on saving the money since they feel that it is too small an amount to matter.  I beg to differ with that idea.  Even a few dollars can make a difference when saved and properly invested. 

Being in the childcare field might make us think of uses more geared toward children than most, but I think that is a good thing.  Our suggestion is starting a college fund.  If you receive a $1,200.00 check it may not seem like much right now, but invested at 8% in a college fund for 18 years and it will grow to almost $5,000.00.  If you can afford to add just another $100.00 per month to that rebate check your college fund will grow to over $50,000.00 by the time your little one is ready to go. 

With expenses at universities continually increasing that small check may be a big help someday.  Even if it doesn’t cover all the costs it can make a very big dent.   

So how much is that little check worth?

Do I really want a Nanny?

Monday, April 7th, 2008

Many parents struggle with what kind of help they want for their children.   The first priority is to determine what you are looking for help with and for how much time.  If you are looking to hire a nanny, list what you want them for.  Does the nanny have to drive to pick up the kids from school or take them to after school activities?  Do they have to help with homework or do you prefer some help maintaining the kid’s rooms or possibly some light housekeeping?  Do you want them every day or just a few days a week?  There are many questions that you should ask yourself so you can find the best person for your situation.  While most professional agencies can help you find the right person, they cannot tell you what is right for your family.  Once you determine what your real situation calls for you may find that you don’t want a nanny after all.  Possibly, you just need to readjust your schedule and you can handle it yourself.  Or, you might find that a housekeeper or a chef might be more helpful to the family.  The more you can decide what you want help with, the easier it will be to determine whether a nanny is right for your situation.