Dave Ramsey: Keep separate accounts for small businesses
A.: It’s very important to have a separate account, or accounts, for small businesses for two reasons. One, it’s a huge help when it comes to taxes and tax season. It will also give you a much clearer picture of how your business is actually doing. Whether you’re talking about revenue or tracking expenses, it will give you an easy-to-read report card.
A.: First and foremost, I would urge you two to begin seeing a good marriage counselor together. Money problems and fights over money are the No. 1 cause of divorce in our country today. Continuing to deal with these issues, with the help of a good, caring counselor, will create even more communication.
I think you’ve both realized you’re going to be in a mess if you don’t address your income and money management issues. However, her concern about spending more time together and becoming closer is valid. Since you’ve just started the rebuilding process, maybe you could put off the extra jobs for a month or two – but no longer. That should give you both time to talk, hug on each other a lot, and start developing a solid plan together for the future.