Hey there, friend.

Let’s get real for a second.

When I first started my business, I was doing all the things.

Client work, branding, tech tutorials with 17 tabs open… you name it. I was showing up and

doing the work – but when it came to money? Let’s just say she wasn’t getting my full attention.

I wasn’t ignoring it, exactly. But I definitely wasn’t managing it either.

There were months I couldn’t tell you what I actually earned, in combination, my receipts lived in

my desk drawer & my purse (why?!), and tax season?

Pure chaos. If this sounds a little too

familiar, don’t worry, you’re in good company.

Now that I live in the world of spreadsheets, systems, and sweet sweet clarity, I can spot these

money mistakes from a mile away… because yep, I made them too.

So let’s talk about the top five money mistakes I see new business owners make and how

you can fix them before they mess with your peace.

1. Mixing Personal and Business Expenses

I get it. You’re just getting started and using one card feels easier. But this one habit can make a

huge mess later. It makes tax time miserable, throws off your numbers, and honestly? It clutters

up your brain.

The fix:

Open a separate business account – even if you’re only bringing in $200/month. The goal is

clean lines: clean account, clean data, clean mind.

2. Not Saving for Taxes

Listen. The IRS doesn’t care that you “didn’t know”.

And trust me, you do not want to be blindsided by a giant tax bill.

The fix:

Start setting aside 15–30% of every dollar you make into a separate tax savings account. Even

if you end up owing less, you’ll be ready and not panic-Googling “payment plans” come April.

3. DIY-ing Your Bookkeeping Way Too Long

This is the sneaky one. You think you’re saving money, but if you’re doing it wrong (or not doing

it at all), it’s probably costing you way more in missed deductions and not-so-great decisions.

The fix:

If a full-service bookkeeper isn’t in the budget, start with a strategy session or one-time setup. A

solid foundation will save you time, stress, and maybe even a few gray hairs.

4. Avoiding the Numbers

“I’m just not a numbers person” sounds innocent enough… until you realize you’re basically

driving your business blindfolded.

The fix:

Block off one hour a month for what I call CEO Hour. Light a candle, pour something cozy, and

check in with your income, expenses, and what’s coming up. It doesn’t have to be scary, just

intentional.

5. Running Without a Game Plan

Winging it might work for a Target run, but it’s not a financial strategy.

The fix:

Build a simple monthly budget or spending plan based on what you actually earn and what you

want to achieve. Knowing your numbers = power. Peace. Possibility.

Here’s the thing:

You didn’t start your business to become a finance pro.

You started it because you have a gift. A passion. A calling.

The money side doesn’t have to be perfect, but it does need attention. And good news?

You don’t have to figure it all out alone.

That’s exactly why Young Wealth Co. exists.

We’re here to help you clean up the mess, find your financial peace, and make confident,

numbers-informed decisions as you grow. Whether you’re brand new or scaling fast, we’re

ready to support you with zero judgment and a whole lot of clarity.

Ready to stop winging it and finally get a handle on your business finances?

We’re here to help you stop guessing and start growing—with clarity, support, and a game plan that actually makes sense.

–> Book your free discovery call and let’s figure it out together.

You’ve got this. And we’ve got your back.

Stick around, friend – your next money breakthrough might just be one blog post away,

Hannah & The Young Wealth Team