Mackenzie, 26, from Melbourne, FL, works multiple jobs and side hustles, draining her retirement savings and emergency fund while racking up debt. She used to make $50,000 as a project manager, but now earns $500 a month as a nail technician, with a part-time job at a burrito restaurant [1].

“Girl math” emerged from TikTok to describe how women justify extravagant expenses. Despite making less money as a nail tech, Mackenzie just started a business without understanding the basics of running one, using the excuse of “girl math” to justify her decisions [2].

Starting a business without a solid plan, understanding business fundamentals, or market research can lead to financial struggles. The Small Business Administration recommends including a company description, market analysis, business structure, and financial projections in your plan [3]. It’s crucial to have a clear business plan before venturing into entrepreneurship. Moneywise delivers accurate and trustworthy financial content to over 200,000 readers weekly. They rely on vetted sources like government data and expert interviews, ensuring transparency and accountability in their reporting. Subscribe now for free updates.

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Read more at Yahoo Finance: Caleb Hammer refuses to accept ‘girl math’ is to blame for Florida entrepreneur’s debts, drained life savings