Guest blogger Luna Jaffe offers 4 money-savvy tips for artists on Finance Fridays during the month of October.
We’ve formed a bad habit of excusing our spending by saying “it’s a write-off.”
You shouldn’t spend money you don’t have.
And you can only claim a deduction if you have income!
You don’t need Write Offs you need Right Ons!
Did you stay on top of your bank balances this week? Right on!
Did you save a percentage of earnings? Right on!
Did you make notes on your receipts? Right on!
Avoiding the write-off excuse will force you to be more honest about what you can afford to spend on your art business, and lead to increased profits and savings.
©2011 Luna Jaffe. Luna is the CEO of Lunaria Financial, Ltd. Her background as a professional artist and psychotherapist richly inform her work helping clients achieve their financial goals. She offers investment management, financial planning, money coaching, and classes. Securities and advisory services offered through KMS Financial Services, Inc. Member FINRA/SIPC.