I'd like to add my nanny as an additional card holder so she can charge expenses as they come up (of course all must be related to my children). However, she's live out. Any suggestions as to how to resolve this?
I'd rather she used electronic means as it's difficult to track when it's raw cash.
We keep a purse in the kitchen drawer that my employer tops up whenever it's running low - I use that to buy milk, bread, ice creams etc. I usually keep receipts if we spend a lot (e.g. if we have a day out in the holidays) just so she can see where the money's gone if the purse is suddenly down £30, but she trusts me enough not to need receipts for everyday expenses. Whenever I need to buy uniform or pay class fees, she just leaves me her credit card and pin (not sure if this is legally ok though?)
I tend to agree that a cash kitty works best. We just ask our nanny to pop receipts in the purse and of course understand that some cash will be spent with out receipt (parking, ice cream etc etc). When going on a bigger day out I'd just lend her my debit card.
As someone else says if you trust her with your kids you really ought to be able to trust her with your money!!
Henry tells my employer exactly where I've spent the money and when so it's not like I can go on a spree with it! If I need to take cash to pay for stuff that doesn't take cards I just text to let her know. I find it way easier than cash and a notebook. There are a lot of expenses.
Yeah good luck with telling your bank that because you trust the nanny with the kids you trusted her with your bank account It's right in the terms and conditions that you will not share your card and pin with anyone else.
Money and children are not the same thing.
We had a cash kitty for day to day stuff and didn't bother with receipts for small stuff. That's where the trust came in. Anything larger than a pre-pay card as suggested above is a great idea.
Please be aware that if you give your card and pin to someone else then the bank will consider you negligent in case of fraud. You will be fully liable for any spending incurred by that person, even if you did not authorise the fraudulent transactions. I would not hand out a bank or credit card to anyone.
Think the cards you top up and can log online to see where it goes are good, as it gives her money, you can top it up in an instant in an emergency and it allows her to get some cash, but it does mean she has no access to more than you want her to use.
I absolutely hated messing around with money, remembering to write everything down (and having them never look at it cause they trusted me) it was a complete waste of time. My current job I have a work credit card, I'm live out too but it is registered to work address and has my name on it. Think it is linked to theirs. There is also a bit of cash always in the cupboard, stash of coins and a couple of notes if we are going somewhere like playgroups that need a donation.