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Listen to BTS of How I Manage My Personal Finances on: Apple Podcasts | Spotify | Your player of choice
I’m taking you behind the scenes of something I’ve never really shared before: how I manage my personal finances.
Sharing my business income and expenses openly is something I’ve been doing for YEARS.
But talking about what happens with that money after I pay myself? That feels a little more vulnerable!
I’m excited to break down exactly what works for me and my family as someone with a seven-figure business.
In today’s episode, I’m taking you BTS of how I manage my personal finances.
My financial systems are designed around three things: reducing decision fatigue, setting myself up to be work “optional”, and actually feeling good about the money I’ve worked hard to earn.
Over the last three years, our household’s average adjusted gross income (AGI) has been around $625,000. Instead of making dozens of financial decisions every month, I’ve worked to automate as much as possible!
Yes, I pay myself from my business, contribute to retirement, and use high-yield savings accounts.
I’ve also prepared for maternity leave and other large expenses. I give to charity regularly, invest, and am working toward paying our mortgage off in 10 years.
My husband and I even have a monthly money date. We look at our accounts, track our progress, and make financial decisions together.
It’s something we’ve been doing for years, and it has been incredibly helpful for our family!
And no, your numbers don’t have to look anything like mine for these conversations to matter.
Whether you’re saving $10 a week OR managing a growing business, knowing your numbers gives you the ability to make intentional decisions about where you want to go next.
Start paying attention NOW. Track your progress, and know what you’re working toward.
The more you understand your money, the more choice you have in building a business (and life) that truly supports your goals, friend!!
In this episode, BTS of How I Manage My Personal Finances, I cover:
- Creating financial systems that reduce decision fatigue
- Paying yourself + automating retirement contributions
- Using high-yield savings for bills, emergencies & big expenses
- Building financial freedom through intentional saving & investing
- Giving back through regular charitable contributions
- Working toward long-term goals
- Using monthly money dates to track progress + make decisions together
Resources & Links:
- ⭐️Check out Collective (get 2 months off an annual plan with Collective with code KELLYMCKENNA)
- ⭐️CIT High Yield Savings Account
- ⭐️ This episode is sponsored by Jane – use code: KELLY2MONTH for a 2-month grace period
- ⭐️ This episode is sponsored by Alma, the financially rewarding way to go in-network
- ⭐️ Private Practice Academy Bundle (PPA)
- ⭐️ Reels Membership
- ⭐️ Business Coaching Waitlist
- ⭐️ Free training
- ⭐️ Caption Guide
Related Episodes:
- Episode 24: How I Made $1,000,000 in 2024
- Episode 59: Part 1: How I Prepped Financially for Maternity Leave
- Episode 83: How I Earned $854,316 in 2025
- Episode 97: How I Pay My Son $15,860 Per Year (as an Instagram Therapist)
More about the Business of Therapy podcast:
Are you a passionate therapist that’s burnt out and ready to transition to private pay? You’re asking yourself questions like “how do I build a business?”, “how can I effectively use Instagram to market myself” and “how can I scale a private practice?”
Welcome to the Business of Therapy podcast where we’ll answer those questions and more! Here you’ll find honest conversations about the good and the bad of being a therapist, tactical advice and best practices for marketing yourself on Instagram, and solidarity and community to find your own version of success as a therapist.
Join your host, Kelly McKenna, and her guests as they dive deeper into topics such as navigating burn out, mastering your mindset and boundaries, and tactics and strategies for marketing on Instagram, and more!
Kelly is a licensed therapist and business coach who grew her private practice on Instagram and has helped thousands of other therapists market themselves on social media, and effectively start and scale their private practice.
These episodes will leave you feeling empowered and equipped to take action towards your dream of a successful private practice.
Make sure to hit follow/subscribe so you never miss an episode!