Advice

Advice For Entrepreneurs – Know Your Numbers!

Don’t Miss These Things When Filing Your 2021 Taxes

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profstacythemoneyteacher

1 Minute, 1 Tip! Let's change how you think about money! Instead of thinking of how much things cost in dollars, think about them in time instead. That new gaming system - is that $500 or is it 30 hours of your time? You may find yourself changing your purchasing priorities!

There's a lot of talk about "healthy" debt (mortgages and student loans, for instance) and "unhealthy" debt, but always look at the whole picture. A million-dollar mortgage for a 5-bedroom house isn't "healthy" for someone making $45k a year. Significant credit card debt in general is bad, but if it's a one-time thing because they put an emergency medical bill on the card, that's not really "unhealthy". Regardless, someone who is in a significant amount of debt is someone you should consider carefully merging your life with. How will their debt affect you?

For the last part of this Show A Budget, let's discuss how to budget for an irregular income. It's a bit more complicated, but by acknowledging the situation and preparing in advance for slow months, you'll find it much

We may need a helping hand sometimes, but someone who constantly borrows money because they spent beyond their means on frivolous things - they don't have a responsible approach to their finances. You do not want to spend your life constantly scrambling to fill the gap caused by needless spending.

I can teach you about money, so let me clear that up. I’m Stacy. I have a Ph.D. in Accounting from the University of Tennessee – Knoxville, and I’m an accounting professor at the Freeman College of Management at Bucknell University.

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