Hello Ladies and Gents!
It has been a while since I have done anything other than read topics here. I hope everyone is well and kicking a$$!
As I come to my first complete year in business, I have learned so much but I have also been left with a ton of questions. My biggest issue I am having at the moment is budgeting. I am not just talking about where my money is going, but more along the lines of money management. As I make more money, I tend to "look" for things I "need" for my company. I understand discipline is key, but what are you doing to help yourself with this?
Basically what I have come here to ask is...
What methods are you all using to budget your companies? Is there an app, program, excell workbook that I can get ahold of to better help with this? Is there a tool that can be used like the tried and true envelope budgeting system? Where I can say "okay, I am making this much, here is what I am allowing for this and that".
I feel like a small percentage of income each month is being wasted or needlessly spent. My company is going to clear close to 125k this year. With only roughly 20% of that being operational costs, the rest is left to spend or save how I choose. I want to allow myself "x" amount to spend on different things, what system are you using? Is there an app that can monitor what I spend and update me accordingly without having to run reports like in quickbooks? Is there a work book where I can plug in my numbers, and set an allowance if you will for certain areas like advertising, growth, held cashflow, payroll, ect? While we are on the subject, which ways are you all monitoring your personal budget? Money management is a big key to success and financial freedom. So what ways are you taking on this task?
Thanks everyone!
Jeremy
It has been a while since I have done anything other than read topics here. I hope everyone is well and kicking a$$!
As I come to my first complete year in business, I have learned so much but I have also been left with a ton of questions. My biggest issue I am having at the moment is budgeting. I am not just talking about where my money is going, but more along the lines of money management. As I make more money, I tend to "look" for things I "need" for my company. I understand discipline is key, but what are you doing to help yourself with this?
Basically what I have come here to ask is...
What methods are you all using to budget your companies? Is there an app, program, excell workbook that I can get ahold of to better help with this? Is there a tool that can be used like the tried and true envelope budgeting system? Where I can say "okay, I am making this much, here is what I am allowing for this and that".
I feel like a small percentage of income each month is being wasted or needlessly spent. My company is going to clear close to 125k this year. With only roughly 20% of that being operational costs, the rest is left to spend or save how I choose. I want to allow myself "x" amount to spend on different things, what system are you using? Is there an app that can monitor what I spend and update me accordingly without having to run reports like in quickbooks? Is there a work book where I can plug in my numbers, and set an allowance if you will for certain areas like advertising, growth, held cashflow, payroll, ect? While we are on the subject, which ways are you all monitoring your personal budget? Money management is a big key to success and financial freedom. So what ways are you taking on this task?
Thanks everyone!
Jeremy
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