Last week, we discussed standard budgeting, using the 50/20/30 Rule as a guideline to create your own budget tracking spreadsheet.
But what if you don’t make steady money? What if you’re a freelance writer who is paid by the word, a solopreneur, or an individual who otherwise inhabits the gig economy?
To be financially literate, one must first know how to build a budget.
In my experience, “budget" is one of those words that fills people with dread. They associate it with being broke, being limited, when they should keep in mind that even billionaires have a budget. (Well, at least the responsible ones.)
One way to make the hard numbers easy is the 50/20/30 Rule.
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Don't let the price tag on popular investments get you down. (Margaret Atwood, I'd love to see the Latin translation for that.)
Read MoreThese considerations aren’t just esoteric ones in 2017. They are especially important now, with the NEA, NEH, and IMLS on the chopping block in the proposed 2018 budget.
While they can’t singlehandedly solve these problems, I still feel that financial education and financial literacy, areas of knowledge that are often lacking for creative professionals, are key.
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