The Power of an Expense Review (Even If It Stings)

Bookkeeping

When was the last time you truly audited your business expenses?

If your answer is “I think last year?” or “What do you mean by audit?”, don’t worry — you’re not alone. Most small business owners are pouring money down the drain every month without even realising it. Not because they’re careless, but because no one teaches us to treat spending in business with the same intention we give to earning.

I call this the Expense Review Ritual.

It’s part mindset, part strategy, and 100% empowering. And yes, it might make you a little uncomfortable. You’ll uncover tools you forgot you had, courses you swore you’d complete, and memberships that made sense at the time… but don’t anymore. That’s not a failure. It’s feedback.

Here’s the shift: spending is not the same as investing.

Spending is what we do when we hope something might help. Investing is what we do when we know something will help.

That distinction matters. Because every dollar you save from unaligned spending is a dollar you can reinvest into what’s truly aligned with your goals. Think marketing that actually brings leads. Coaching that actually moves the needle. Systems that actually give you back time.

In my latest podcast episode, I break down a simple but powerful 4-question filter to help you get started. The best part? You can see results immediately. Like, today.

Take 30 minutes this week to:

  • List all your recurring expenses
  • Filter them by value and necessity
  • Cancel or downgrade at least two
  • Set a reminder to review again next quarter

One of my clients saved over $4,500 per year doing this. Without making an extra sale. That’s the power of intentional money habits. That’s the power of putting money first.

Free Guide – The Ultimate Guide to Managing Your Expenses

When was the last time you reviewed your expenses?

Whether you are managing your personal or business expenses, regular review keeps you on track.
Get our free guide, complete with our Expense Analysis Tool to help you on your way to a secure financial future.

SHORT ON TIME – HERE’S THE SUMMARY

Most small business owners spend money on tools and services they don’t use. The Expense Review Ritual helps you review business expenses, cancel what’s not needed, and save money, every month.

16 May 2025 | Bookkeeping

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