There is often confusion when it comes to bookkeeping and exactly what it means. Bookkeeping and accounting are often thought to be the same thing, and while the differences are subtle, they are significant.

This has been an expensive week.

First, I had a smallish repair that needed to be done on my 12 year old car. I’m sure you know how that went. What was originally a couple hundred bucks became 5 days in the shop. Then, my air conditioner made a noise. Strike that…it made THE noise. The noise of impending death. A noise that caused my neighbor to text me and say “hey, I was just outside and it sounds like your AC unit is about to launch itself to Mars.” Friends, I’m out just over $11,000 this week and didn’t even leave the house. It’s a good thing my kids like ramen.

When you have a small business, giving yourself a “paycheck” and paying personal expenses from that may seem silly to you. After all, it’s your money, why not just pull everything from the same pot and save yourself a step, right? WRONG. Turns out, there are some really solid reasons you should keep your personal expenses out of your business account.

No one likes to talk about wills or life insurance & it's really easy to avoid the topic because....well, you'll be dead & no one can yell at you for not dealing with it. The bottom line is this: an uncomfortable conversation now means peace for those you love. Death of a loved one is hard enough without having to make profound financial decisions at the same time.

It’s true that about half of marriages end in divorce, and the rate increases the more times you are married. While the social & emotional toll of divorce is significant, the financial implications are far reaching & often have a lopsided impact, particularly in heterosexual relationships.