The first task that I ask the participants of our marathons to complete is to fill out a special table on income and expenses.

Mega is useful to look at the numbers that characterize the ability to manage money. They will show you what is happening with your personal finances now. After completing this task, our participants have many surprises.

So, in the process of analyzing such express analyzes, I see that not all people are able to separate personal finances and business money. This is one of the reasons that makes it difficult to achieve financial goals.

In this article, I will give one of the options for how to divide income into business money and personal money, if you are an entrepreneur.

The easiest way is to have two signs.

If you are a freelancer, you should record all your income and expenses in terms of freelancing.

For example, I am doing a consultation. I can do it remotely, or I can do it in a cafe if it’s an offline meeting. Accordingly, I may have expenses for a cafe, for example, if I drink coffee or tea.

For me this would be freelance expenses. I do not write them down as personal ones, because if there were no offline meeting, I would not have spent this amount.

Or, for example, I’m a designer and I need a tablet to work with. This means that these will also be business expenses.

And everything that is connected with business expenses, for example, you use services, paid advertising, you write it all down. Otherwise, you won’t know how successful you are as a freelancer.

If you work officially as an individual entrepreneur (IE), then you have the expenses of the individual entrepreneur and a personal card.

From the IP card you transfer to your personal card how much you want to spend, leave the rest for the business.

This is the first option.

If you are working informally, you can get two cards. Accept customer money on one card (but remember that you are breaking the law), and on the other card, pay for personal expenses.

Once you create such a scheme, you will understand what happens to money in business and what happens to personal finance. And if you continue to spend money chaotically, then you will have chaos in your head, which means that the achievement of financial goals will stretch indefinitely! …