I’m a huge fan of combining YNAB with Profit First. If you’re a small business owner (or would like to be!), I urge you to check out the book Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine, by Michael Michaelowicz. The financial framework in Profit First can help you create a sustainable business (and pay yourself regularly!). It made a huge difference in my organizing business, Peace of Mind Organizing. But I found its multiple bank accounts and monthly distributions to be a little labor-intensive.
Enter YNAB. Once I started using YNAB a couple of years after implementing Profit First, I was able to let go of the extra bank accounts and use categories in my budget in their place. The process has become seamless for me.
The combination of YNAB and Profit First is a powerhouse that can put you in control of your small business’s revenue and expenses. I’d love to help you set it up! Book my Small Biz Package or click the button below to schedule a free Discovery Call to get started.