It’s tax season, everyone’s favorite time of year that also causes existential evaluation of every financial choice you’ve ever made. Whether you’re feeling a monetary sting or feeling flush, every actor could stand a few money-saving tricks; allow our Backstage Experts to provide.
Nothing beats budgeting.“It’s a brutal lesson I learned while being a professional actor: Sometimes times are good and jobs are plentiful, and other times they aren’t. Non-theater life is like this too, but people often don’t have to face this reality the way actors do.
“I still know a good many actors who live paycheck to paycheck, and when money feels tight many think a budget isn’t necessary. After all, you already know where it all goes, right? Rent-groceries-classes. But budgeting is absolutely necessary, because it’s one of the few ways you can ensure money gets set aside for savings.” —Lauren Bowling, financial blogger and Backstage Expert
Use a basic formula to deal with financial uncertainty.“Since we don’t know what your income will be, percentages are our best friends.a. Fifteen to 25 percent for savings. This is for the future, not to be
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