Make a Weekly Money Date for Stress-Free Financial Management

Have you ever found yourself surprised by an unexpected tax bill or struggling to keep track of your business finances? It’s more common than you think. As healers and helpers, we excel at treating our patients, but aren’t always so great with managing our business finances. And that’s a problem if you want to keep running a business. 

When you’re not great at managing your finances, you have a harder time managing to make a profit. Believe me, I know from experience. 

On the other hand, managing your money regularly will lead to less stress, more energy and more profit. I also know THIS from experience. Once I got a handle on business financial management, my business, and my life, got easier. 

Without a routine for managing your business’ income and expenses, you can easily find yourself  overwhelmed. Managing your finances and staying on top of your business expenses becomes a lot easier when you make it a regular part of your week. 

This is where the Weekly Money Date comes in. It’s a simple yet effective approach to managing your finances and making more profit.

You CAN eliminate your financial management stress.

The memories of my early struggles with poor financial management still haunt me. In the early years of running my business, I had to sell my most prized possession—and even deplete my emergency savings—to cover a massive tax bill, leaving me feeling defeated and powerless.

Once I decided to invest in business coaching, things got easier. I learned so much from my coach, and financial management was the biggest (and BEST) of those high-value business lessons. 

Once I got the hang of implementing the Profit First system, my financial management became stress-free. Then the profit followed. I kept on top of everything by keeping a weekly money date with myself. You should, too. Your weekly money date is the time you invest to keep financial stress—and very unpleasant surprise bills—away.

Money, like all important things in your life, needs attention.

Use your weekly money date to keep track of, and stay up to date with, your business finances. As a small business owner you get to wear ALL THE HATS. It’s not always fun and glamorous, but it’s critical to know how money flows thru your biz.

Every Friday I enjoy a little money date. 

Think about all the time, pain and frustration you’ll be saving come tax time, payroll time or bill-paying time by just investing 20 minutes a week! 

Yep, it only takes around 20 minutes! 

On my weekly money date, I log into quickbooks, and keep up with my bookkeeping. I go to my banking app and make my profit first distribution. I pay my bills if there are any outstanding, and I pay myself if it's payday. 

I highly encourage you to set up a weekly money date that works with your schedule. This is your time to track your finances, make profit first distributions, catch up on bookkeeping, pay any bills, and pay yourself with an owner's draw if it's payday.

The Weekly Money Date is simple, yet effective. 

By implementing the Profit First system and setting aside a designated weekly money date, you can ensure that you have enough money to cover your tax bill AND pay yourself as the owner of your business. 

Remember, money needs your attention, and by scheduling a weekly money date, you can make financial management less scary and more enjoyable.

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If you need guidance on implementing the Profit First system or increasing profits in your practice, my coaching services are available. 

As a business coach for the last five years, I have helped many health and wellness professionals start, build, and scale their brick and mortar practices. I can help you increase profit, attract the best patients, hire and inspire a team, and implement systems to improve efficiencies and buy back your time. 

Schedule your  free 15 minute consultation to see if we’re a fit.