article thumbnail

Dollars Are For Spending & Investing, Not Saving

The Big Picture

That comp gets deposited directly into my bank account, and that money is available for purchasing necessities (food, housing, clothing, medicine, transportation, etc.) Whether it’s a few decades or a century, the math works the same. I work 40-60 hours a week and get paid for my time and efforts. and paying taxes.

article thumbnail

Filing Taxes with Multiple Income Streams: RSUs, K-1s, Freelance, and More [Updated for 2025]

Harness Wealth

Self-employment tax calculations and considerations When examining the math behind self-employment taxes , the total 15.3% Transportation costs present another substantial deduction opportunity. rate is comprised of two components: 12.4% for Social Security (applicable to the first $168,600 in 2024) and 2.9%

Taxes 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The 50-30-20 Budget: How It Works + A 50-30-20 Budget Template

Clever Girl Finance

And don't worry if math isn't your thing because we've included 50 30 20 budget spreadsheet ideas to help you stay on top of your budgeting strategies. Are you spending more on transport than you can afford? For instance, consider moving to a more affordable home or using public transport to keep costs down.

article thumbnail

How Does The 60 30 10 Rule Work For Budgeting?

Clever Girl Finance

These might include food or frugal meals , rent or mortgage payments, utilities, healthcare, and transportation like car payments. It might include cutting back on housing through house hacking or transportation and car expenses. Some examples include housing, utilities, food, groceries, transportation, and healthcare.

article thumbnail

Transcript: Linda Gibson, CEO PGIM Quantitative Solutions

The Big Picture

She has a really fascinating background, very eclectic, a combination of math and law. You, you get a, a BS in Mathematics and a JD from Boston University Math and Law. It is something, math has always come easy to me since a child. I didn’t get an advanced degree in math. Not the usual combination. What happened?

Math 130
article thumbnail

The 50-30-20 Rule: How It Works + A 50 30 20 Budget Template

Clever Girl Finance

And don’t worry if math isn’t your thing because we’ve included 50 30 20 budget spreadsheet ideas to help you stay on top of your budgeting strategies. Are you spending more on transport than you can afford? For instance, consider moving to a more affordable home or using public transport to keep costs down.

Budgeting 105
article thumbnail

Sinking Funds: Why You Need Them. How To Set Up Yours!

Clever Girl Finance

Your transportation, accommodation, gift, and not to forget, the cute dress you're hoping to wear. It also gives you the math formula to find the information you need if you prefer. You don't need much information beyond the interest rate and the amount of time to get an answer, and it has the math formula available, also.

Budgeting 105