Author Archives: Judy Heft

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About Judy Heft

Judy Heft is a Financial Concierge and the founder of Judith Heft & Associates in New York.
EMAIL: judy@judithheft.com
BIO: About Judy
PHONE: 203-978-1858

The Nannies Are Coming: Establish Boundaries and Expectations with a Nanny Contract
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Authored by , re: FINANCIAL ARTICLES, on .
The Nannies Are Coming: Establish Boundaries and Expectations with a Nanny Contract | Judy Heft

Considering the million moving parts in any household, many people are confused as to what they should be asking for in a nanny. And that’s exactly why I recommend a Nanny Contract for any families with nannies. It’s not legally required; just a rule book for your nanny and you to hold each other to. It should, by design, protect you and the nanny. The arrangement can be as creative as you like, but the language should be clear.

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Seeing the Forest Through the Sales
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Authored by , re: FINANCIAL ARTICLES, on .
Seeing the Forest Through the Sales | Judy Heft

Forest-through-the-trees syndrome is a condition that afflicts us all at some point in our lives: We get so entrenched in what we are doing (the trees) that we cannot see the big picture (the forest). And while this is true in all aspects of life, personal finance is like Patient Zero of forest-through-the-trees syndrome. One of the things that I find myself repeating over and over again is that a sale is not a sale if you have to pay interest on the item.

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Say Hello To Your New Best Friend: Accounting Software
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Authored by , re: Accounting & Bookkeeping, FINANCIAL ARTICLES, on .
Say Hello To Your New Best Friend: Accounting Software | Judy Heft

People use their business experience to inform their decisions in all areas of their lives, but none more so than running a household. And like any good business with a good bookkeeper, families benefit enormously from using accounting software, which makes it easy to:

  • Track your expenses in greater detail
  • Record multiple streams of income
  • Keep track of school and extracurricular expenses
  • Manage your credit cards, debit cards and bank accounts

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Keeping Career-Minded While Raising A Family
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Authored by , re: Accounting & Bookkeeping, FINANCIAL ARTICLES, on .
Keeping Career-Minded While Raising A Family | Judy Heft

Mothers who have built careers for themselves are often-faced with a heart-wrenching decision: Would it be best to stay home with the baby past maternity leave or go back to being an earner? With both parents working, the biggest obstacle most families face is paying for childcare. And even if a family can meet that financial requirement, a stay-at-home mom still needs to think about what lies 5 or 10 years down the road. Luckily, there are many things you can do to stay on top of the game.

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Masterminding Success
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Authored by , re: Accounting & Bookkeeping, FINANCIAL ARTICLES, on .
Masterminding Success | Judy Heft

Like many women, I was born to be an entrepreneur. It’s not easy to trust your business to other people, especially when you are just starting out. As your business grows, however, delegating tasks to others becomes a necessity. That’s why networking is so important in establishing and nurturing a healthy business – and more and more women are proving to be expert business owners and networkers – often reinventing themselves as the need arises. Here’s what networking can provide to you:

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Teach Your Children Well
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Authored by , re: Accounting & Bookkeeping, FINANCIAL ARTICLES, on .
Teach Your Children Well | Judy Heft

On Tuesday, November 25th, my friend and colleague Leslie Montanile and I made our second appearance on Connecticut Morning with Tony DeAngelo. We will be returning on December 16th at 10 am. Many people make charitable contributions at the end of the year for tax purposes, and many simply want to do good. Which of these people are you encouraging your children to become?

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Tips For Holiday Tipping
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Authored by , re: Accounting & Bookkeeping, FINANCIAL ARTICLES, on .
Tips For Holiday Tipping | Judy Heft

While you may not feel the need to tip everyone wearing a reindeer hat and gesturing towards a tip jar with a cute saying on it, remembering the people who work in your home during the holidays is the right thing to do. Whether someone is helping you with your medical needs or simply holding the door for you, your holiday gift is appreciated more than you might guess.

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Positive Examples Of Powerful Women
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Authored by , re: FINANCIAL ARTICLES, on .

One of the common threads I see across every segment of society is the dilemma of the less-monied spouse. That means one spouse, usually the woman, is dependent on her husband for basic needs like food and shelter. What’s worse, she often lacks the resources to move out on her own, even in the face of abuse.

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6 Habits of Successful People
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Authored by , re: Accounting & Bookkeeping, FINANCIAL ARTICLES, on .

Being a bookkeeper, organizer and financial concierge is not all telling my clients “Do this to avoid penalties,” or “Do that to get better interest rates.” I also learn many good practices from them. The successful people I have worked with, who are at the top of their industries, share many of the same habits – and I thought I would share those with you today.

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Start Your Taxes Now And Be Done In January
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Authored by , re: Accounting & Bookkeeping, FINANCIAL ARTICLES, on .

The days are getting shorter as your accountant savors the last few months of peace before the End-of-Year rush revs into gear. You like your accountant, why not make his or her job easier? I’ve put together a list of some of the things you should be thinking about before year-end. Being prepared might just save you some money!

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Your Miles and Incentives Are Not Taxed…Technically
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Authored by , re: Accounting & Bookkeeping, FINANCIAL ARTICLES, on .
Your Miles and Incentives Are Not Taxed…Technically | Judy Heft

Frequent flyer and credit card rewards miles are serious business.

Not only can they be used for flights or upgrades, they are increasingly being used as negotiating tools. But are they really worth all the trouble?

People often ask me if frequent flyer miles are taxable, and the answer is no. According to the IRS, it “…has not pursued a tax enforcement program with respect to promotional benefits such as frequent flyer miles.”

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Are We Losing Our Wallets?
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Authored by , re: Accounting & Bookkeeping, FINANCIAL ARTICLES, on .

Young people are forgetting their wallets.

Not because they are disorganized or absented-minded, they don’t want wallets.

According to one study, 48% of millennials prefer to use either debit or credit cards instead of cash. In the general population the same trend is emerging:

  • 64% use cash only once in a while
  • 26% use cash everyday
  • 10% never use cash

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Elder Abuse With A Smile
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Authored by , re: Asset Management, FINANCIAL ARTICLES, Financial Planning & Insurance, on .

Protecting seniors against Elder Abuse is one of my most important duties as a Financial Concierge. Just this week I got to the bottom of another story of financial abuse, performed in a very subtle manner. However, there were warning signs all along the way, so I thought I would share some of them with you.

The Warning Signs

The case involved a married couple who had hired me to take care of their bills and establish a spending plan, among other things.

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