An Excerpt from Bank Magic: Financial Literacy for Young People

Here is an excerpt from Bank MagicFinancial Literacy for Young People written by TaxAssurances’ owner, Kolonji Murray. The full book can be purchased on Amazon for Kindle and in paperback.

QUESTION: Why are budgets so important?

ANSWER: Budgets help to ensure that you cover all of your expenses, pay your creditors on time, and save, invest, and make money for the future. You will be surprised at just how fast money can go through your pocket without a plan for how you will spend, save, and invest it. So often, people think of budgets as being restrictive, but budgets actually give you the freedom to track how much you spend and to adjust your habits so that you can make better financial choices in the future.

QUESTION: What happens if I go over my budget?

ANSWER: it’s OK! Fortunately as a young adult, you don’t have to worry about big financial responsibilities, like a mortgage or car payment, for now. If you spent a little more than you expected, find out where you can cut back or adjust your expenses until you receive your next allowance or paycheck. Maybe you can cut out one day at your favorite pizzeria or a drink at Starbucks. Little things add up. You can also download spending apps to help you track your expenses.

For more on TaxAssurances, check out our reviews, photos and links on Yelp.

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Our 5 Year Anniversary!

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I never just dreamed about success. I’m working for it. This is my start up story.

I remember when TaxAssurances was just a thought. I was supposed to start a franchise with H&R Block but it didn’t work out. Later that day I talked to a friend who told me that I could do it myself, and that’s where my dream began. December 1, 2011 TaxAssurances opened, and by January 2012 my dream was alive.

-Kolonji Murray

Kolonji Murray of TaxAssurances Presents at Queens College

IMG_2234Recently, I had the pleasure of doing a presentation at Queens College in Queens, New York for a number of students. They are part of the Queens College chapter of NABA (National Association of Black Accountants).

The topic of the presentation, going from being an employee of a company to being a full time entrepreneur. I offered the group a summary of my background and experience and gave them a few positive takeaways.

Here is video of the presentation:

https://www.youtube.com/watch?v=Udj-fhNH8LI (Part 1)

https://www.youtube.com/watch?v=MfYEzfcdqXc (Part 2)

https://www.youtube.com/watch?v=G5bH-R3Ez3Q (Part 3)

 

For more on TaxAssurances, check out our reviews, photos and links on Yelp.