TAG: Savvy Musician

Financial Management for Musicians Part I: How To Take Charge of Your Finances

Financial planning is an essential skill for musicians so for the past few weeks, my class has been focused on helping my students to learn the basics of financial management and create their personal financial plans. Once again my friend Jim Remis, partner in a boutique accounting firm and Chairman of the Board of the Hartford Symphony, visited our class and together we provided my students with the kind of information that they need in order to have a comfort level around their finances:  earning revenue creatively and from a variety of sources, budgeting, saving, avoiding debt and basic tax planning.

Here are some basic pointers in order to get started.