Skip navigation


Personal Finance 

"Personal Finance" is a recurring and rotating section about money, posing ideas and resources for budgeting, saving and investing for retirement.

Have you ever heard the term "passive income" before? In the most simple explanation, it's a way of making money multiple times off of something that required the work once. For example, you wrote a book (once) and sold lots of copies, you created an original piece of artwork and sold multiple prints, or you designed a pattern that can be downloaded many times over. Passive income can also apply to creating videos, soliciting subscribers, or joining an affiliate program, as other examples.

Lots of students take advantage of the "passive income" concept on sites like Etsy. Do you have an original work that could be translated for easy download? Read how that works on Etsy's Seller Handbook, and practice working smarter, not harder.

Published March 25, 2019

When 2018 was coming to a close, you paid your outstanding business and personal bills, made your final charitable donations, and closed your books on the fiscal year. Now as you start to collect tax documents for the 2018 filing season, it would be helpful to refresh yourself on the recent, big changes to the tax code. Here is a user-friendly summary of the major changes you will need to look for, including various changes for medical and business expenses and deductions, and changes for your home and child deductions, like mortgage interest and child tax credits, for example.

Most of us don't do our own taxes, but if you've relied on deductions in the past, you will want to have a sense of the changes so you can talk to an expert, like your tax preparer, to take full advantage of the new law.

Published January 16, 2019

In late 2017, Congress passed a massive tax overhaul bill that begins to take effect in 2018. The experts at Investopedia break down the biggest changes as they apply to individuals, both for preparing for your 2017 tax returns, and what to expect in your current paycheck, future tax deductions, implications for married couples or those with children, and much more. You don't need to become a tax expert to get a sense of this bill's impact!

Published February 19, 2018

It's been said that building wealth requires one to invest in the stock market. But what does that really mean, how do you get started, and how do you protect your hard-earned money? This article covers the basics, which is always a smart place to start. This foundational knowledge will serve you well, whether you apply it to a retirement account or you open a brokerage account to buy stocks.

Published December 11, 2017

Many independent artists and creative businesses have varying need for additional insurance protections, be that general liability, volunteer accident, or art and equipment coverage. These protections are important because they shield your personal money from expenses incurred through accidents. Thankfully there are effective tools available to help protect your personal fiances from these liabilities. An online nonprofit called Fractured Atlas is one such tool, and they offer these insurance protections for "artists, arts organizations and other cultural sector stakeholders" alike. Visit this page to learn about the insurance products they offer.

Published October 24, 2017

We all know it's vital to save for retirement and to start saving as early as possible. That's easy to say for someone who works for a business and can take advantage of the company retirement plan, or for well-established business owners who have a retirement plan set up for their own employees. But what are the options for sole proprietors? Nerd Wallet covers the basics of what's called the Solo 401(k) and the tax savings benefits that come with it. Learn more about this retirement option here.

Published August 16, 2017 

Personal finances go hand-in-hand with business finances, especially for new companies. In the beginning, funds may co-mingle until there's a steady workflow and expenses are covered. While building a business, it's important to keep your personal financial landscape in mind so you can take advantage of time (think: compound interest). A fantastic resource for gaining exposure to the basics of personal finances, investing and retirement can be found at InvestopediaThis article presents a good foundation, but be sure to bookmark this site for future digging.


Published on June 20th, 2017