You also need a personal budget. Here is why.

Published: Fri, 05/27/22

Dear ,

Did you know that, as an entrepreneur, you need two budgets: yours and another one for your business? If you focus more on the business side and forget to create a personal budget, you may end up wasting the money you made in your business on personal expenses.

Therefore, a personal budget will guide you not to make wrong decisions with your income. And, if you are organized at the individual level, expect NO mistakes to spill over to your business. This is good because it enhances your chances of building generational wealth.

Here are other reasons you need a personal budget.

Track your total monthly income
Avoid spending the money you don’t have
Avoid skipping retirement contributions
Set aside money for emergencies
Set aside money for entertainment

There are more benefits to having a budget. Try it now and experience this firth hand. If you are not sure how to start budgeting, do not worry. I have prepared this easy-to-use personal budget spreadsheet you can access HERE. Download it now and start spending and investing your money wisely.

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Hey Entrepreneur! I am Folasade Ayegbusi. I am an Enrolled Agent, Accountant, Ex-insurance Broker, Speaker, and Small Business Growth Strategist. Additionally, I am a Mother, and Entrepreneur.

I have helped entrepreneurs and small business owners save over $25 million dollars in lost revenue, tax assessments, penalties, and interests over the last 12 months. I am confident that I can assist you with all of your accounting needs.