Ask Lynn: What's The Business Budget Rule? #Shorts

Ask Lynn: What’s The Business Budget Rule?

LOSING BUDGET👇🏽

Take Home Income: $3,000

Expenses: Everywhere – all over the place – money is funny and change is strange!

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WINNING BUDGET👇🏽

$3,000 Take Home Income:

10% -$300 tithing

10% – $300 saving

30% – $900 Incidentals & Spending Money: groceries, gas, hair, nails, the club, dinner with friends/business partners (if it’s business you get it back!), gym membership, coffee, online shopping for silly things, vacation savings (if it’s a business trip you get it back!), that new iPhone, etc

50% – $1500 Bills: mortgage (if your mortgage takes more than 25% of your take home pay, MOVE), — rent (if you have a home office you can get it back), — utilities, car payments, insurance, etc – IF YOU DO NOT HAVE ENOUGH MONEY FOR YOUR BILLS. . . 👇🏽

ENROLL in the 21 Day to Financial Freedom – www.AskLynn.org

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NEW BUSINESS BUDGET

$3,000 Take Home Income:

10% -$300 tithing

10% – $300 saving

20% – $600 Incidentals & Spending Money

20% – $600 Business Expenses

40% – $1200 Bills: mortgage (if your mortgage takes more than 25% of your take home pay, MOVE), — rent (if you have a home office you can get it back), — utilities, car payments, insurance, etc – IF YOU DO NOT HAVE ENOUGH MONEY FOR YOUR BUSINESS & BILLS. . . 👇🏽

Get the FREEDOM PACKAGE: www.AskLynn.org

Money will obey you if you respect it. Live below your means. Let’s go! www.AskLynn.org

#budgeting #smallbusiness #shorts