I started doing some research on developing a budget for a home-based or center-based child care center. I found dozens and dozens of resources available online, but when I went to actually complete a budget myself, I found that many of the terms/line items were unfamiliar to me. So, before we look at creating a budget, I though we could start with a simple glossary- one that I found to be quite useful when I began dabbling in the numbers.

Click here to see the Tool-Glossary-of-Financial-Terms.

Next week we will begin looking at some good financial planning guides for child care professionals. I can’t wait. Can you?