Ask the Budgetologist with Phylecia Jones

366 - Should I Save 30% or 15% for Taxes? #AsktheBLIVE

August 27, 2018

[Should I Save 30% or 15% for Taxes?]

Business Owner: "You said save 15% for taxes, but my friend said 30%. Which is it?
Me: "What are you saving right now for taxes?"
Business Owner: "Nothing... but that's not the point if I cannot get a consistent answer."
Me: "So, you are choosing to save nothing, even though you know you have to pay taxes, based on not getting an answer from random people?"
Business Owner: .... walks away....

Let's talk about what should go in your bank when it comes to saving for taxes. 


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Every morning, Ask the Budgetologist goes LIVE with host, Phylecia Jones, where she answers any questions you have about money, business, budgeting, and living the solopreneur lifestyle! If you are ready to give yourself a salary or have more money in your bank accounts, then subscribe and keep listening. 


Phylecia understands that very thin line that solopreneurs walk when it comes to managing business and personal finances. Her goal is to help anyone that needs help, because there are no silly questions when it comes to understanding your money!

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