Penny KiddMoney Life Coach, Pennywise Coaching · Changing Financial Lives So You Can Keep More Money & Stress Less | Speaker | Author | Financial Coach

Managing Travel Expenses on a Budget | Smart Tips from Pennywise Coaching

21 May 2024 · 1 min

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1:15

In this brief talk, Penny Kidd reflects on her recent speaking engagement at a women's conference in Jamaica and uses the experience to highlight the importance of planning travel and business expenses. She emphasizes that even business-related costs must be accounted for in both a business and personal budget, noting that a business trip may be largely a business expense but still requires personal funds if not properly budgeted. Penny advises creating a written budget that covers travel, meals, clothing, and other discretionary spending, and invites the audience—particularly women entrepreneurs—to reach out for further guidance.

Chapters

Hey wise guys, it's Penny Kidd. I just got done speaking at a women's conference in Jamaica, and how fun is that? And one of the things that it brings to mind is twofold. One is about travel expenses and how we need to plan and think ahead for those, and the other are business expenses. One of the things I talked to this group of women about was that even though it's a business expense, it's an expense, right? And it's things that you are going money on, but they need to be planned for in your business budget as well as your personal budget. So the good thing when you go on a business trip like this is that much of it is a business expense, which is cool, but if you don't have the money for it, it's still just money not well spent. So make sure that you are doing a good written budget for your business as well as your personal, and plan for the things that you like to do, whether it is travel or dinners out or clothing or whatever. So it's been great visiting with these awesome women business owners and would love to reach out and share more with you. If you need anything, just reach out. Be wise.