Episode Details

⁠Snag Our Simplified Budget System!

Do you or your spouse have a business or side hustle? In this episode we will lay out exactly why & how to separate your business finances from your personal finances. We'll cover:

• Importance of separating business finances from personal finances
• Separating business & personal finances makes budgeting easier
• How to have conversations about business finances and goals with your spouse
• How to set yourself up to make tax season super easy
• A hack to highlight business and personal transactions on bank statements
• The process of making a list of quarterly and annual expenses for each category
• Why you need separate bank accounts for personal and business finances
• When you might need to bring all finances together before separating them in order to help identify and consolidate accounts
• How separating finances ensures clarity in understanding the profitability of the business
• How separating business and personal finances removes the risk of the business affecting your personal budget goals
• How separating finances helps you know if your business is actually making money (is the business generating profit or incurring losses?)

Grab the book Profit First here.

Connect With Us:

1️⃣ Facebook Group – Join the community. Our free group is where the real talk happens. Connect with other women who are learning how to budget, save, and finally feel in control, together. ➡︎ budgetbesties.com/facebook

2️⃣ Automate Your Budget Masterclass – Watch it now, no waiting. This FREE on-demand training shows you how to set up a budget that matches your lifestyle, without tracking every dollar or feeling restricted. ➡︎ budgetbesties.com/automate

3️⃣ Budget – Grab our Simplified Budget System! You don’t need another budget, you need a system that does the math, makes the plan, and gives you permission to spend. ➡︎ budgetbesties.com/budget

4️⃣ Private 1-on-1 Coaching – Get a plan and a coach. We’ll build your full budget system together, so you always know what to do and feel confident doing it. ➡︎ budgetbesties.com/coaching

5️⃣ Be on the Podcast – Free coaching, real convo. Come chat with us on the show! Get real-time financial coaching and help other women by sharing your story. ➡︎ budgetbesties.com/livecall

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