Pro tip: I started putting 30% of each check straight into a separate account for taxes.

I used to get hit with a huge tax bill every April and would have to scramble to find the cash. After a bad year in 2022, I opened a new online bank account and set up an auto-transfer rule. How do you guys handle setting aside money for quarterly payments?

4 comments

4 Comments

the_riley2mo ago

Love that idea, I started doing the same thing last year. Getting that surprise bill was the worst feeling, wasn't it? Now the money is just gone before I even see it.

blake_owens1mo ago

Totally agree, that surprise bill feeling is the worst kind of stress... like a punch in the gut. Rounding up is such a smart move. I even do it with my grocery budget, just toss an extra ten bucks into savings each trip. After a few months, you barely notice the money was ever there, but it builds up for those random expenses. Makes everything feel way more under control.

mila_murphy2mo ago

Wait, @the_riley, you only started last year?

the_olivia2mo ago

Yeah, that surprise bill feeling is the worst, @the_riley. I just round up each payment a little too.