As a business owner, do you have a sound money management system in place for your,
#1 Personal Finances, and
#2 Business Finances?
Ensuring that both work harmoniously can be challenging, can’t it? Especially if you use a traditional budgeting system or an Excel spreadsheet.
Choosing to operate your finances in this way leaves you at risk because often, they miss vital information which shows you your full financial status. Not only today but in the future.
An innovative and proven Spending Plan is the answer!
Both your business and personal life have a LIFE-Style.
LIFE costs are essential to running your business and sustaining your personal life.
STYLE costs are wants and luxury expenses.
Need versus Wants are easy to determine if you have a loved one who requires life-saving surgery and you have to save cash to afford it. How much easier is it to identify and eliminate the STYLE costs temporarily from your budget in this situation?
Unfortunately, it is not always to see things so clearly and defined.
I regularly see many business costs that fall under the Style category. Yet, the owners see them as LIFE costs and are subsequently overspending.
This mindset often results from a ‘head-in-the-sand’ mentality that adds extreme stress to their personal finances and family.
As a business owner, do you know the exact $ dollar amount required for the following;
In my personal life;
- What are my LIFE (essential) costs?
- What are my STYLE (want) costs?
And, in my business;
- What are the LIFE (essential) costs?
- What are the STYLE (want) costs?
Knowing the exact amounts against each of these questions is vital to have 100% financial clarity and financial peace in your life.
Manage Your Business and Personal Finances Separately
These two should only interact when your company pays you a predetermined regular wage.
You do not want your business or personal bank accounts to be a cookie jar for the other.
Separating your finances brings clarity and makes it easier to be honest and accountable with your money. And financial honesty is the key to financial peace and freedom in your life.
How Do You Achieve Financial Freedom?
How would you like to have a crystal ball and GPS of your future spending for your business and personal life?
Having a spending plan for your Personal and Business Finances will make you 100% clear on:
- How much income you are required to make each week to ensure all your business expenses are covered.
- As well as how much to pay yourself from your business – determining your personal LIFE costs and STYLE.
The Spending Planner software is a cash flow system that gives 100% clarity and a future vision of all your finances.
I love my Spending Plans. I stopped traditional budgeting 19 years ago and now have 100% clarity. My family’s buried dreams have been resurrected and achieved!
Using this software, I am confident that I am correctly managing my bank balances, both today and for the next 12+ months. My business and personal expenses, planned and unexpected, are always covered.
Now that is true financial peace! My finances are a trustworthy and silent partner.
Finding financial honesty in your business and personal life is exquisitely sweet and peaceful.
Are you being 100% honest in your financial life(s)?
You can be with the innovative and proven Spending Plan.
Be curious today! Learn how I have assisted business owners to achieve financial freedom!
For more information:
- Sherri Dumbrell
- Certified Spending Planner
- M: 0411 800 946
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