Business Owners Archives - Dr. Budgets

Smart Business Holiday Spending Can Reduce Your Tax Bill

Daniel Rodriguez — Tue, 26 Nov 2019 16:39:03 +0000

Did your business do better than expected this year? If so, congratulations! While I don’t encourage frivolous spending to save on taxes (after all, your tax deduction is never more than the actual expense!), there are some ways for you to save money on taxes with smart business holiday spending at the end of the year. I will caveat that I am not a tax expert (always consult with your tax professional before undertaking any […]

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Why Hiring Your Child Is a Good Idea

Daniel Rodriguez — Fri, 16 Aug 2019 16:04:09 +0000

So, is hiring your child a good idea if you own a business? I think so! As a money coach, I’m always looking for creative ways to save money for my clients, and hiring your child is a great way to accomplish this objective. First things first though… ensure you hire them the right way. I was reading a post titled 10 Tips for Hiring Your Child that has some good information about how to […]

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Is Debt Good for a Business?

Daniel Rodriguez — Mon, 29 Jul 2019 16:42:10 +0000

Many small business owners probably ask themselves at one point or another, “Should I go into debt for my business?” As a new business owner, one of the first decisions you might make is whether to go into debt for the things you might “need” for your business. Depending on the type of business you want, start-up costs can be minimal or very high. And, deciding how much you spend to start could determine what […]

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Financial Spring Cleaning Tips for Business Owners

Daniel Rodriguez — Fri, 19 Apr 2019 15:02:31 +0000

By Daniel Rodriguez | Dr. Budgets Spring Cleaning can mean more than buckets, mops, and brooms! There are many reasons why this time of year is great for cleaning up your finances: We’re three months into the year, so you are starting to get an idea of how the year is shaping up, including earnings, spending, and debt repayment. You’ve just done your taxes (or filed an extension) and can start getting organized NOW for […]

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How to Manage Your Money with Variable Income

Daniel Rodriguez — Mon, 28 Jan 2019 22:40:05 +0000

By Daniel Rodriguez | Dr. Budgets It can be hard to manage your money with variable income. When you have variable income, some months your income flows in abundance, and other months it isn’t enough to pay the bills! What is one to do? When I launched Dr. Budgets in 2013, my new company was generating very little income (less than $1,000/month), and on top of that, the income was also inconsistent. It was hard […]

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How to Successfully Budget with Variable Income

Daniel Rodriguez — Tue, 23 Oct 2018 19:59:07 +0000

By Daniel Rodriguez | Dr. Budgets Do you have variable income? Maybe you have variable income because you are in sales and earn a commission. Or, maybe you own a business and your income fluctuates month-to-month. Regardless of why you have variable income, your income isn’t fixed like someone employed in a salaried position. This situation is great when the big commission checks are rolling in or when business is going well, but what happens […]

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4 Money Tips for Small Business Owners

Daniel Rodriguez — Sat, 22 Oct 2016 20:48:48 +0000

By Daniel Rodriguez | Dr. Budgets Many people probably find it overwhelming to bring some structure and planning to their personal spending. This is probably why only one in three Americans prepare a detailed household budget. This, in turn, is one of the reasons why people are still in debt. If you are a business owner, then this adds another layer of complexity, which is probably why so many small business owners are flying off […]

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We Love Small Business Owners!

Daniel Rodriguez — Mon, 19 Oct 2015 17:14:34 +0000

Working with small business owners is a passion of mine (you might even say I love small business owners!). I enjoy watching small business owners who are passionate to see their business succeed. I also enjoy being a part of their success. Many of the small business owners I work with are amazing at their craft, but they need some direction and accountability around their money. That’s were Dr. Budgets comes into the picture! As […]

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