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University of Arizona professor talks about the tax bill and gives financial advice

Posted at 10:09 PM, Dec 19, 2017
and last updated 2017-12-20 06:36:23-05

After the tax bill passed in the house, a professor with the University of Arizona spoke out with his thoughts on the bill and also gave financial advice before the tax law takes effect. 

Professor Rick Rosen says when the new law takes effect next year many people will enter a lower tax rate. 

When this happens, he said it's important for people to not spend the money right away and think investing in savings. 

Another way he believes people can control their money is to create a budget and look at spending habits.