An accountant and marriage and family therapist talk about how to manage and organize your finances as a family. Every week, we'll offer practical advice and explore how our experiences impact the way we talk about money.
On this episode of the podcast, Joshua and Emily talk about how to pay your taxes as a self-employed individual. By working for yourself, you are responsible for paying federal, state, social security, and medicare taxes - yikes! That's a lot of taxes. Joshua, our resident CPA, walks through how to make your quarterly estimated payments and different tax deductions that you should take advantage of. Additionally, Joshua shares some of the more...interesting deductions he has seen on some prior tax returns.
Self-employed people have a great deal of flexibility with their work, and are able to do a lot of really cool financial things. However, it takes a little more effort and responsibility to keep yourself organized and on top of things. Today, we're going to dig into:How to do a budget when you make different amounts each monthKeeping separate business bank accounts and records from your personal accountsHow to run and manage your bookkeeping using Excel or QuickBooksHow to pay yourself, set aside money for taxes, and re-invest your hard earned money back into your business
On this week's episode of Family Finances, Joshua and Emily discuss the MANY costs associated with moving and all of the things that you need to consider. Emily also shares her tips & tricks on how to efficiently pack boxes!We have a FREE worksheet available that you can use to organize your moving costs. Follow the link here to grab your new worksheet! https://familyfinancespodc.wixsite.com/the-family-finances/post/moving-cost-budget-plannerVisit our website and consider subscribing to our channel. https://familyfinancespodc.wixsite.com/the-family-finances
In this episode, Joshua and Emily walk through a really useful debt payoff calculator that you can use to strategize your debt payoff plan. To download the tool, visit our website at https://familyfinancespodc.wixsite.com/the-family-finances.
Listen as Joshua and Emily discuss current trends in personal finance and introduce the topic of debt.
In this episode, join Joshua and Emily as they walk through in their budgeting process in real time.
On this episode, Joshua and Emily discuss how you should customize your budget to fit your current financial situation.
On this week's episode, we dive into the three foundational components of a budget: income, expenses, and the surplus.
The word "budget" can be forbidden in certain homes because it always leads to conflicts! Sound familiar? Listen to Joshua and Emily discuss the topics and conversations you should be having with your spouse before you make a budget.
Meet Joshua and Emily, creators of Family Finances!