How To Manage Your Music Career Finances (PT3): Credit Card Pitfalls for Indie Musicians

@ac_vinnie budget tere wang Nov 30, 2020

One of the most common concerns our consulting clients bring to us is debt repayment and managing their payments in the midst of growing their music business. This is most commonly caused by irresponsible Credit Card usage early in their lives and careers. Sometimes, this is unavoidable, but for those musicians just getting started, credit cards can be a usefull tool and in some cases, necessary.

In Part 3 of this blog series, "How To Manage Your Music Career Finances" we explore Credit Cards and Indie Musicians. I'll point out three important things to consider when building credit using traditional credit cards. (Much more in-depth information can be found in Tere Wang's course Using A Budget To Build a Full-Time Music Career found in the Artist Collective Membership.)

 NOTE: If you haven't already read Part 1 & Part 2 of this series, be sure to do so before reading on by clicking HERE.

#1 - Building credit is KEY if you don't want to be dependent...

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How To Manage Your Music Career Finances (PT2): Create A Business Budget

@ac_vinnie budget Nov 27, 2020

Managing your music career finances might be the least exciting part of the business journey, but it's the core element that divides a professional from an amateur. Money makes the world go 'round and it's the fuel for your music machine, too!

But just because the task seems daunting doesn't mean that it has to be hard. The team at Artist Collective has made it easy for you, with Music Business Budget Templates available for download! All you have to do is become a member of Artist Collective on

Login to your Dashboard and click 'Using a Budget to Build a Full-Time Music Career'. If you scroll down to Module 2, you'll see a LIVE Budget Walkthrough with Tere Wang and Vinnie Hines. In this video, you'll watch as a real finance coach analyzes and tracks the expenses of the typical twenty-something musician. 

This budget walkthrough identifies all expenses under the same umbrella. This means that your lifestyle expenses and business expenses are on the same...

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How To Manage Your Music Career Finances (PT1): Planning For Your Business Budget

At Artist Collective, we take in starry-eyed musicians with dreams of stardom and fame and we start the arduous process of demystifying while educating folks on the realities of the industry. One of the hardest topics to navigate without completely bumming folks out is FINANCIAL MANAGEMENT and BUDGETING.

I'm sure some of ya'll already went cross-eyed just reading those words in all caps, but bear with me, because I truly believe that grabbing your finances by the neck like Homer Simpson is going to be the turning point for your careers. It definitely was for mine, and now, in my best year of DIY music, I made about $88k. And if we're being honest, that's fucking amazing considering I didn't even get past Hollywood Week of American Idol XV!

So in this 4 Part Series, I'm going to teach ya'll some introductory lessons that I learned from co-hosting with Personal Finance Coach Tere Wang during our November 2020 Monthly Topic: Using A Budget To Build A Full-Time Music Career


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Get the exact method we use with our clients!

No more wasting money on things you don't need. Use this method to build a strong foundation for your music brand.