In this episode, Emilie Nutley breaks down how business owners can manage their finances through a simplified one-bank-account system called the Overflow Formula.

Despite usually recommending the three-account method, Emilie shows how you can adapt it to one account by using digital spaces or pots provided by modern banks.

This system ensures all business income and expenses flow through one account, with separate allocations for taxes and overflow to manage excess funds. By setting a consistent payday and tracking a 'magic number' for expenses and salary, you can maintain financial stability even when your income varies.

Emilie critiques the popular Profit First method for being overly complicated with its five-account setup and highlights the importance of maintaining a sustainable mindset that's free from scarcity.

She also touches on real-life applications, offering practical steps and sharing client insights, while emphasizing that effective money management is about knowing and working towards your personal financial goals.

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