Week 33 (Day 4): Separating Business and Personal Finances

Personal Finances for Business Owners
Written By Brandy Sparkman

Day 4: Establishing Separate Financial Accounts

  • Take Action

  • Helpful Tip

  • Free Resource

Week 33 Day 4 Action Plan

Today, let's focus on the practical steps required to establish distinct financial accounts for your business and personal expenses.

Take Action: Establishing Separate Financial Accounts

  • Explore the process of setting up separate bank accounts for business and personal use.

  • Understand the importance of having separate credit cards or lines of credit.

Helpful Tip:

  • Dedicated accounts simplify financial tracking and auditing processes.

Free Resource:

Stay in Touch

Did you identify any personal use transactions in your business accounts?

Until tomorrow, happy financial management!

 
Brandy Sparkman
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Week 33 (Day 5): Separating Business and Personal Finances
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Week 33 (Day 3): Separating Business and Personal Finances