4 Keys to Managing Money Well as a Couple in Business
Manage episode 421149637 series 3370173
Are you and your spouse struggling to manage your finances while running a business together? You're not alone. Many entrepreneurial couples face challenges like mixing personal and business funds, mismatched money habits, and lack of communication that can strain both the bottom line and the marriage.
But it doesn't have to be this way! In this episode, Kevin & Bekah, successful husband-wife entrepreneurs, share 4 proven tactics to help you master money as partners in business and life.
You'll discover:
- How implementing the Profit First system can prevent financial fights and audit nightmares by keeping accounts separate
- The power of assigning money roles based on each partner's strengths and personality (saver vs. spender) to reduce conflict
- Why using a shared tracking app like YNAB or QuickBooks is crucial to identify cash flow problems and trends early on
- The game-changing habit of a daily 5-minute "money minute" to ensure you're always on the same financial page
Kevin and Bekah also dive into the importance of trust in a partnership, navigating differing money mindsets, raising financially savvy kids, and creating an electronic envelope system to manage tax, profit, giving and more.
Whether you're just starting out or looking to scale your business, this episode is packed with actionable tips and inspiration to help you communicate better about money, achieve your financial goals faster, and enjoy the journey together. Tune in now to start writing your own success story as a couple in business!
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Kapitler
1. 4 Keys to Managing Money Well as a Couple in Business (00:00:00)
2. Managing Money as Business Partners (00:00:06)
3. Tracking Business and Personal Finances (00:04:58)
4. Managing Money as Couplepreneurs (00:18:43)
93 episoder