Jan 08 2025 17 mins
Do you keep making budgets that never work in real life? Like many business owners, you might find that old-school budgeting just doesn't fit how you run your business.
In this episode, we share simple ways to make your budget work better for you. You'll learn:
- How to think of your budget more like a GPS that helps you, not a strict diet that makes you feel bad
- Ways to make smart money choices without guilt when things change
- How to plan for big bills that don't come every month
- A new way to protect your profits using special accounts
Whether you're just starting or looking to refine your existing business budget, this episode will give you practical steps to create a financial system that works with your entrepreneurial spirit, not against it.
🔑 Key Quote: Consider it this way: When you get to December 2025, do you want to be proud of (a) sticking to numbers your January-self set up no matter what happened in the business? Or (b) adapting to fit circumstances as the year changed to be in a better spot than your January self thought possible?
Links mentioned in the show:
- Join the Wealth Wisdom Financial Community: https://www.wealthwisdomfp.com/community
- Implement Profit First in 12 Easy Steps: https://www.wealthwisdomfp.com/profit
- Set up YNAB to be Profit-First friendly (and more): https://www.wealthwisdomfp.com/ynab
- Unlock the power of Bank On Yourself: https://www.wealthwisdomfp.com/boy
- Not Your Average Financial Podcast Episode 368: A Better Way to Profit First with Mike Michalowicz: https://nyafinancialpodcast.com/episode-368-a-better-way-to-profit-first-with-mike-michalowicz/
Watch on YouTube here: https://youtu.be/51Fi0XIbxsQ