If you don’t have an LLC, you can use your personal credit cards, but the onus will be on you to separate the charges.
These financial reports are important to understand for the health of your business and should be well understood.
That’s what steady paychecks can do – you start spending money you don’t actually have “knowing” you’ll get paid again soon—a vicious route to all kinds of debt.
“We need to make budgets. We need to stick to those budgets.” You’ve heard these phrases countless times. Sure, we need budgets. But it’s hard to know what to budget for when you don’t know what you’re spending.
Many times when we create budgets, we don’t count on the unexpected. Why? Because the unexpected is… you get the idea. That’s why I think adding a contingency to your budget is smart.