video1.0<iframe src="https://www.loom.com/embed/f7b8b90e8e344ddcbb2d8693eed780bf" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/f7b8b90e8e344ddcbb2d8693eed780bf-00001.gif536.52 Hi there! In this Loom, I'll be sharing some tips on how to manage your business and personal spending as a sole trader, especially when you receive irregular sums of money. I'll recommend separating your business and personal accounts, even if they're just two accounts in your name. I'll also suggest using a cash flow forecast template to help you work out how long your money will last. When it comes to managing your money, I recommend using a challenger bank, if possible, to easily move money to different allocations or areas within the same account. I'll explain how to set up an automatic rule so that when money comes in, a percentage goes to your tax account. I'll also suggest putting away any excess money in a savings account or other specific accounts for future expenses. Finally, I'll emphasize the importance of always crossing the line between your business and personal accounts when moving money and tracking your spending to make tax returns easier.