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I consider myself to be one of the cheapest people on the planet. I wear socks until they are threadbare and undies until the elastic is completely shot. Wasting money physically hurts me. But even the cheapest people on the planet have moments of stark stupidity. And sometimes that stupidity costs some serious cash.
As we moved in it became readily apparent that we didn’t have nearly enough time, money or furniture to fill this house. The need to frugally decorate became our reality.
Being rich or poor isn’t about how much money you’ve got in the bank. It’s a state of mind and the decisions that come with it.
And as the IRS’s own website itself says: “One of the advantages of operating your own business is hiring family members”. That family member can be a spouse, sibling, parent, or even a child. In fact, while hiring a child may not seem like a top-of-mind move for many businesses owners, if you play by the rules, there can be a surprisingly broad array of tax (and other) benefits to doing so!
While unemployment insurance and an emergency fund can make a big difference when it comes to financially surviving a period of joblessness, another key step in ensuring that you make it through to your next job is cutting back on some of your expenses.