Kristin Wong

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Kristin Wong laughs about it now but she literally cried and wanted to drown her sorrows at TGI Fridays when an unexpected tax bill hit her out of the blue. She fesses up to Bobbi that it never occurred to her that she would not get a refund. Ironically, her money tip is one for the budget conscious foodie in all of us. 

In Kristin Wong’s money story you will learn:

-Why she did not pay her taxes when she started freelance writing

-How your tax responsibilities change when you switch from being an employee to being self-employed

-Why she owed money instead of getting her usual refund

-The benefits of having an emergency fund

-The emotional toll it took on Kristin

 

In Kristin’s money lesson you will learn:

-The big mistake Kristin made regarding money when she became a freelancer

-Ignorance is not bliss when it comes to taxes

-Kristin’s tips for managing major work changes

-How to find free resources online to manage and pay your taxes

-How to know when you need a professional for your taxes

 

In Kristin’s money tip you will learn:

-The high/low method for restaurant spending

-The most expensive/biggest splurge meal Kristin has had

In my take you will learn:

-What happens if you send in your tax returns without payment

-What to do if you do not have the money to pay your taxes on April 17th

-Strategies to use when you set up a payment plan with the IRS

-Why you should avoid paying your taxes with a credit card

 

Episode links

Pickup your copy of Kristin Wong’s new book Get Money

The book website is at: https://thegetmoneybook.com/

Get Kristin’s downloadable worksheets at https://thegetmoneybook.com/worksheets/

Kristin Wong’s website is https://www.thewildwong.com/

Follow Kristin!

Facebook- (and join her private facebook group): https://www.facebook.com/thewildwong/

Twitter @thewildwong

Instagram: @thewildwong

Pinterest thewildwong

YouTube The Wild Wong

Other links:

IRS.Gov

TurboTax.com

Vanguard.com

https://www.irs.gov/newsroom/what-if-i-cant-pay-my-taxes

https://www.irs.gov/payments/direct-pay

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