Money-Savvy Artist Tip #2: Save for Yourself

Guest blogger Luna Jaffe offers 4 money-savvy tips for artists on Finance Fridays during the month of October.

Anything Is Better Than Nothing

As you seek to become more financially aware, it’s important to save a percentage of every dollar earned FOR YOURSELF.
If you make your deposits or have a banking day once a week, simply transfer a percentage to a savings account.
How much? Aim to save 10-20% of your earnings, but any small amount is better than nothing.
Even if you end up needing your savings down the road, at least you are creating a healthy practice of saving. Remember, too, to save for taxes in a separate savings account.
Money-Savvy Benefits
You are building discipline, and valuing yourself.
When you need to pay for a workshop or a trip or just give yourself a bonus, you’ll have the money to do so.
©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.