Happy birthday to me, happy birthday to me, happy birthday dear Elizabeth, happy birthday to me!” I am one of those people who really loves their birthday. Yes, that’s right, this weekend I celebrate another birthday and another year of being thankful for my life.
One of the things I’m most thankful for, other than my family, is my business. I love being a CPA, who owns a bookkeeping business. I’m also thankful my business is thriving and in good financial health. A lot of people cannot say the same. In fact, some clients of mine, who happen to very successful, can’t understand why they can’t stay in positive cash flow. In these cases, I advise my clients to keep a money diary or a spending journal to get a good picture of their company’s spending and making habits. But before you begin writing “Dear Diary” here are some things you should know:
Having a spending journal or business or personal money diary is a great way to realize how much you make and spend every day. If you’re having trouble saving for your favorite things, paying off a loan or debt, or replacing business equipment because of lack of cash flow, then you might want to consider starting a journal.
In my spending diary, sometimes I write myself notes about why I chose not to buy something, like a cup of coffee. I also include what I will use the saved expense on in the future, like a short vacation. I consider that a win, win! So on my birthday weekend, I wish both you and me lots of relaxation, travel and another year of life. Happy birthday to me!!!