Do you have cash flow for you business? Do you want to properly manage your income, profit and budget?
According to study, 2/3rds of the American population would struggle to find $1,000 for an emergency fund. Half of all American households live paycheck to paycheck.
In addition, 49% of Americans are concerned, anxious or fearful about their financial wellbeing.
You might be one of them, if not, you may know someone who is also struggling in managing their money.
Do you want to track your overall expenses and income including your craft business spending?
Use this free calculator to create your personalized budget calculator.
If you want advice:
Renowned financial expert, founder of Daily Worth, and author of the book “Worth It,” Amanda Steinberg shares the ins and outs of managing your finances with Marie Forleo.
In the video below, you’ll learn:
- How to understand your net worth and why it’s important (Amanda’s explanation is simple and to the point)
- Whether you should pay off your debt first or start to save – a clear answer on this one!
- Why chasing more money isn’t the answer
- How to budget when you don’t have a steady paycheck
- Tips for entrepreneurs to help you take care of your finances.
From calculating your net worth to pinpointing where to invest your extra dollars, they discuss the basics of managing your money when you have an online business so you become more organized and under budget.
I hope this post helped you in getting started in managing your finances.
Now over to you. How do you manage your finances? Did we miss something important in our post? Please share your thoughts in the comment box below.
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