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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]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] Do not worry about a line of credit - due to quarterly taxes and the bulk of annual compensation being deferred until the end of the year, it's not at all uncommon to use a line of credit and then pay it off when distributions start getting bigger.[/quote]
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