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Money and Finances
Reply to "DH is a new big law partner and I have no clue how to budget "
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[quote=Anonymous][quote=Anonymous]Wow these early replies are harsh. OP, I could have written your post years ago, and I *still* don’t understand exactly how much money we have (and DH understands it even less than I do). We pay taxes in like six countries and quarterly estimates in several states (and federally). And YOU are responsible for it, since nothing is withheld. It is absolutely confusing. All I know is, ultimately, it’s A LOT of money. Just try to keep your spending at around the same level for a couple years, at which point you’ll have a good cushion of money that you know is earmarked for taxes / capital call / etc. [/quote] Thank you for your response! Good to hear that it’s been okay. I feel like I’m not a particularly big spender but we do have home projects we are doing (that are sadly necessary because of water drainage problems; they can’t wait until things are more stable) and I’m a little worried about cash flow. We would of course be fine if I overspent but I’d feel so embarrassed to have to take out a line or credit or something. [/quote]
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