Maintain separate charge cards

02 Feb

In addition to the separate business checking account, you should get separate business charge cards. They will help you track business expenses and keep them separate from your personal expenses. I’ve seen some that send a year-end summary statement. This statement simplifies your financial planning by summarizing an entire year’s charge activity. The report you receive could include monthly and annual spending totals by category. Some example categories would include "Automobile," "Merchandise," and "Restaurants."

I carry three charge cards. One is for personal and household use. One is for products and services I buy to run my business. The last one is for products and services I buy on my customers’ behalf. I pass through the costs. Some folks would call this an escrow or trust account.

All three reside in my wallet at the same time. I label them with circular garage sale price stickers. I label them “Pers.,” “Biz,” and “Clients.” Putting stickers on charge cards may be a silly idea, but maintaining separate personal and business charge cards is definitely a smart idea.


Mark Anthony Germanos is the author of two books, Escape the Cubicle: How to leave your corporate or government job for something better and How to Make Computer Systems Work for You. He has faith in a slow but sure Sacramento business revival. Sacramento small business owners are leading the way. His second book, Escape the Cubicle, is for those who want to escape cubicle jobs and become successfully self-employed. Escape the Cubicle answers the questions: "How can I grow my business" and "How do I become my own boss."

Mark is the President of Cameron Park Computer Services. As a business owner and computer networking consultant, he has seen habits that successful Sacramento small business owners embrace. He helps Sacramento small business owners embrace those habits to increase their profits, efficiency and happiness. An advocate of Sacramento business revival, Mark believes everybody should run their lives like a small business, perform SWOT Analyses and use social media campaigns to improve business. He used to say “social media is stupid.” That was until he attended a conference and saw how Sacramento small business owners can use social media campaigns as a valuable tool. Since then, he has earned more than $40,000 in business via social media. His Sacramento small business clients also have five-figure returns. Sacramento small business owners that launch social media campaigns give themselves a comparative advantage over those who lag behind. Mark does not do everything, but his clients do receive great results and participate in the Sacramento business revival when they follow his advice.

Mark moved from Chicago and restarted his business in California with a cell phone and a Honda Civic. An active triathlete, he has a life, a dream wife and a dog. For additional details, visit Twitter: Facebook: LinkedIn:


Tags: , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: