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Accounting for Non-Accountants | 3 Essential Money Management Tips

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Christin Biermeier

Starting out in the workforce with what may be your first real job is an exciting time. But before you get in over your head with new spending habits, you should first evaluate your financial situation. Watch as Abby and Emily provide you with 3 essential money management tips for young professionals.

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Close-up of a person organizing stacks of coins while using a calculator, symbolizing financial planning, interest expense allocation, and tax-related decision-making.

Deductibility of Interest

Not all interest that an individual pays is deductible. The rules for deducting interest vary, depending on whether the loan proceeds are used for personal, investment, or business activities.  

11/26/2024