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58: Why you need a separate bank account for your side income
Manage episode 448921090 series 3613430
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Are you mingling your side income earnings with personal finances? It might be time to rethink that!
In this episode of Side Income Coaching,, we’re diving into the essential reasons why a separate bank account can make managing your side income a breeze.
I’ll walk you through the benefits of keeping your side income expenses separate from your personal income and expenses and what can happen if you don't.
What you’ll learn in this episode:
- Why a separate bank account (or subaccount) is necessary
- What you'll need to share with your tax person
- What you should do if a customer pays in cash instead of check or credit card.
- If you liked this episode, please let me know you're listening by hitting subscribe and leaving a review! And, feel free to share it with your friends!
- Join my free Facebook group - Christian Side Income Creators - where you can fellowship with other believers at all different stages of earning side income!
Tune in for practical tips on how to start a side hustle that works for your life!
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