That Money Lady Podcast

Ep 19 - Overcoming the Commingling Challenge: Keeping Your Finances Organized


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-Introduction to the importance of separating personal and business finances as an entrepreneur.

-Acknowledgment of the common struggle faced by successful entrepreneurs in maintaining separation.

-Risks of commingling personal and business funds, including complications during audits.

-Societal emphasis on being an employee rather than an entrepreneur, leading to a lack of financial literacy.

-Encouragement to be patient and seek help if needed, as separating finances can be overwhelming.

-Importance of taking responsibility for financial choices and avoiding self-shaming or shaming others.

-Tips for untangling personal and business finances:

-Changing account information

-Seeking professional assistance (bookkeepers, accountants)

-Taking small steps towards financial organization

-Benefits of financial separation:

-Better financial management and decision-making

-Mental clarity and empowerment

-Preparedness for audits

-Encouragement to prioritize financial organization for overall business health and mental well-being.

-Check out your unique Financial Success Strategy here -> (www.thegracefulpenny.com/quiz)

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That Money Lady PodcastBy Audrey Heesch