Money Management Knowledge for Family Child Care

 

Articles and other resources on the business of family child care – money management.

Here are a variety of articles that can help you better manage your money and plan for retirement. Start with Leaning New Habits About Spending and How to Reach Your Savings Goal . For help with retirement planning look at Retirement Plans for Family Child Care Providers for a description of IRA options and Where Should I Invest My Money for Retirement? for a detailed discussion of the value of Index Fund investing.

 

Questions & Answers

Frequently asked questions and answers about money management.

Download FAQs about Money Management document

Car Replacement Fund

This is a step-by-step plan from nafcc.org show you how to establish a car replacement fund so that you will eventually pay cash for your next vehicle.

Download Car Replacement Fund document

Glossary of Financial Terms

This glossary provides helpful definitions for the most important financial terms for running your business.

Download Glossary of Financial Terms document

How to Reach Your Savings Goal

Getting started with a savings plan is often the biggest obstacle to saving money. This article offers tips on saving money for both short and long-term goals.

Download How to Reach Your Savings Goal document

Learning New Habits About Spending

This article discusses our spending culture and how to make saving money a higher priority in your life. It includes advice from providers about how to manage your money.

Download Learning New Habits document

Retirement Plans for Family Child Care Providers

This chart outlines the differences in four retirement plans: Regular IRA, Roth IRA, SIMPLE IRA, and SEP IRA.

Download Retirement Plans for Family Child Care Providers document

Where Should I Invest My Money for Retirement

This article discusses the importance of low management costs when investing in mutual funds for your retirement. It identifies three Index Funds that have low management fees.

Download Where Should I Invest My Money for Retirement document

 

Disclaimer: Materials and links provided by First Children’s Finance on this website do not constitute legal, accounting, tax or finance advice or professional services. Readers seeking professional advice about specific aspects of their business should consult a member of our staff or other qualified professional.