86 | Separating Your Business Finances From Your Personal Budget: The Basics and How to Do It, Even If You're Bad At Math Or If You Have Inconsistent Income

⁠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 financesSeparating business & personal finances makes budgeting easierHow to have conversations about business finances and goals with your spouseHow to set yourself up to make tax season super easy A hack to highlight business and personal transactions on bank statementsThe process of making a list of quarterly and annual expenses for each categoryWhy you need separate bank accounts for personal and business financesWhen you might need to bring all finances together before separating them in order to help identify and consolidate accountsHow separating finances ensures clarity in understanding the profitability of the businessHow 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/facebook2️⃣ 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/automate3️⃣ 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/budget4️⃣ 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/coaching5️⃣ 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"I love Shana & Vanessa and this podcast is amazing!" 👈🏻 If that sounds like you, please consider rating and reviewing our show! It helps us to reach more people – just like you – to help them change their financial future. Don’t forget to follow the show so you don’t miss any episodes! And, if you’re feeling really generous, we’d be SO honored if you would share this podcast with someone. Click here to view our privacy policy.This description may contain affiliate links, meaning we may get a commission at no cost to you if you click & purchase!