If you run your agency’s books or could use some personal finance tips, check out today’s episode👇.

A lot of times people have one bank account and they deposit all of their income, all the sales for their products or services into one account. But then they will also pay bills out of that account. And it becomes very hard to look and analyze at that bank balance to see like, hey, in six months I need to have $15,000 saved for that insurance renewal. Or, you know, in three months we have this repair that's coming due or this due and subscript description. So it's very hard to break that bank balance down. And a lot of times as that balance grows, like if you get huge influxes of cash where maybe you get a big commission and then it's gotta last for two, three, four months until you get that next commission check. It's really hard to navigate those peaks and valleys when you're using one bank account. And people tend to overspend when everything's stuck in one account versus when it's broke out.