F
26
c/no-boss-tax-clubmitchell.averymitchell.avery18d agoProlific Poster

Had a chat with a retiree who said paying quarterly taxes feels like adulting on hard mode

3 comments

Log in to join the discussion

Log In
3 Comments
martinez.paul
Have you tried setting up a separate savings account just for tax money?
6
kellyallen
kellyallen18d ago
The separate account trick really does help though.
3
waderamirez
My buddy set up a separate checking account for taxes and it saved his sanity. He transfers 30% of every payment he gets right into that account, no exceptions. It still stings when you have to send that money out, but at least the cash is already sitting there waiting. Pair that with a simple spreadsheet or even just a notes app to track your income and you're way ahead of the game. The key is to treat that money like it doesn't exist until April rolls around. Makes the whole process a lot less painful, lol.
1