Unlock the Untold Secrets to Bulletproof Money Management Every New Entrepreneur Needs to Know Before They Fail
If you’re not ready to hire a bookkeeper, use apps that connect to your accounts and sort expenses automatically. Many of these also allow you to set alerts, so you’ll know if a payment bounces or if you’re spending more than you planned. By checking often, you’re more likely to stay in control and less likely to get hit with surprises you could’ve seen coming.
Think about taxes before tax season hits
Taxes can sneak up on you fast if you’re not setting anything aside. Even if you’re not earning much in your first few months, you still want to be in the habit of putting something away for taxes every time you get paid. A simple approach is to take a flat percentage of your net income and move it to a savings account after every transaction or batch of payments.
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