Posted by: Cathy | April 5, 2017

Healthy Finances for Artists

I’ve heard Cheryl Richardson make this statement a few times: One of the most important gifts you can give your creative self is a healthy financial situation.

It’s tax time in the US, so many of us are thinking about our finances. I’m in a fortunate situation and have been debt-free for about 5 years now. It took a long time to get there, and I haven’t bought a house yet so I don’t have a mortgage, but I’ve been free of student loans, car loans, and credit card debt for 5 years and it feels really good.

There are enough stresses in daily life, and all of those stresses take energy away from our creative pursuits. By setting up a good financial foundation, we reduce one of the major stresses in life. It doesn’t translate into immediate art production, though; with good finances, we probably have day-jobs and budgets, which still take time and energy away from our art, but it gives us one smaller worry to contend with. Knowing our rent is paid and our fridge has groceries, we have more mental space to be creative. This is good self-care.

Consider the relationship between your creativity and your financial situation. Then consider your financial situation with a bit of creativity – what is something you could do this month to strengthen your financial foundation?

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