Hey Jon--thanks for this. As Michelle said, unfortunately relatable! One thing I've found is that saving money became more of a challenge for me when I left the security of a W-2 job and started my own business. Now I have to save 20-30% of my income for taxes instead of having it automatically taken out of my paycheck! That's made it harder, psychologically anyway, to save for personal expenses or future needs. I'm trying to get better at all this stuff this year. What's your favorite budgeting software? Any other tips for small biz owners?
Hey Jon--thanks for this. As Michelle said, unfortunately relatable! One thing I've found is that saving money became more of a challenge for me when I left the security of a W-2 job and started my own business. Now I have to save 20-30% of my income for taxes instead of having it automatically taken out of my paycheck! That's made it harder, psychologically anyway, to save for personal expenses or future needs. I'm trying to get better at all this stuff this year. What's your favorite budgeting software? Any other tips for small biz owners?
Ah this is unfortunately very relatable! Thank you for sharing your experience and a plan for people looking to build a plan to save.