58: Personal vs business bank account: Which do you use for side income?

Side Income Coaching: Faith, Money and Business Tips

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Threshold is a Peabody Award-winning documentary podcast about our place in the natural world. Each season, we take listeners on a journey into the heart of a complex environmental story, asking how we got here and where we might be headed. In our latest season, Hark, we hand the mic over to our planet-mates and investigate what it means to truly listen to nonhuman voices—and the cost if we don't. With mounting social and ecological crises, what happens when we tune into the life all around us? Threshold is nonprofit, listener-supported, and independently produced.

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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.

NEXT STEPS:

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!

78 episoder

#Religion #Entrepreneur #Christianity #Business #Vicky Arsenault

Side Income Coaching: Faith, Money and Business Tips