Nov 14, 2019
In this episode of Lean the F*ck
Out, Gretchen and Tera talk with Ary, the Badass Budget Babe and
Virtual CFO. Ary tells about her journey toward loving finance and
budgeting, and gives tips on her can go from business budgeting to
badass business budgeting. This episode is chocked full of tips and
tricks you don’t want to miss.
Business Budgeting Episode Highlights:
helps business owners learn about cash flow, looking at books over
time not just at tax times.
is your insurance policy as a business owner.
issues CEOs come with: paying yourself a salary or growing your
salary; having enough to run my bills; effectively leveraging
credit vs. I can’t afford this without debt; taxes.
mindset to “This is what we need.” in your business budget instead
of facing what you actually have.
- A lot
of times, not managing money or avoiding it is a mindset issue, not
actually a money or number issue. Mindset and numbers are both
important to focus on.
yourself on a weekly money date for 15-20 minutes a week, every
week. What’s the point of having money if it isn’t fun? Sit down
with your numbers and look towards your goals. What are my
financial goals? What am I working towards? Use that time for
visualization and journaling. Ask yourself ‘what do I need to shift
this week?” Use that time to make sure you are on the same track
with your partners. Set a timer.
- Stretch your goals and set them regularly.
Goals should be a stretch but not bring on disappointment. A good
way to manage goal setting is by using markers of 3. If your first
goal is to hi $1k this month, maybe $3k is reasonable the next
- Sometimes it is the timeframe that needs to be
adjusted, not the goal.
- Extensively each quarter: review what happened
with your money. Did you hit your goals, why or why not?
are no ‘shoulds’. If you ever feel like you ‘should’ be doing XYZ,
then ask yourself who said it and why.
you want to have a job and run your business, give yourself
permission to do that.
you what you want, lean into it, feel it out, then get the data and
Ary is a Virtual CFO who helps
6&7-figure businesses to increase profit margins through better
financial management. After graduating from Azusa Pacific
University with her accounting degree, she worked as a tax and
audit accountant for a CPA firm. After realizing the typical
accountant life just wasn't for her, she stuck out on her own and
figured out how to make accounting work for growing entrepreneurs.
She's been fortunate enough to work in many industries, from
medical to non-profit, brick and mortar retail to online
consulting. This gives her the skills and knows how to grow
businesses in both top and bottom line profits.
When she's not working with
numbers, she enjoys reading, traveling around with her family and
doing yoga with her cat.
You can find Ary online at:
If you like the bumper music in
each episode, you can hear more from Gretchen’s bands at