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re: Basic finance questions for self employed
Posted on 11/5/19 at 7:07 am to notsince98
Posted on 11/5/19 at 7:07 am to notsince98
Now that OP has some money saved, the easiest way to budget personally is to pay yourself a salary. Let’s say $60,000 and that’s $5,000/ month. Just make the deposit on the 1st from your Business account to personal. Now you will still have to pay taxes on top of that, but that will be very easy for your to budget your personal expenses on.
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