Welcome to Episode 3 of our 7 Common Money Mistakes series!
💰 Spending money you don’t actually have? That’s a tax trap.
In this episode, Gene Natali, CEO of Troutwood, explains why misunderstanding taxes is one of the most common — and costly — financial mistakes.
Here’s the reality:
➡️ Many students land their first job and assume they’ll bring home their full salary.
➡️ Then tax season rolls around... and the bill hits hard.
Gene emphasizes why taxes belong at the same table as budgeting, investing, and debt. Some taxes are withheld from your paycheck, but others — like federal and state income taxes — may still be due in April. And if you're not prepared? It can be overwhelming.
🎯 The fix:
Spend less than you make
Save before you spend
Learn these lessons now — in a classroom, not in crisis
Understanding taxes isn’t just for accountants. It’s for everyone who wants to make smart, confident money decisions.
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