Sarah Fite with Love and Spreadsheets
March 18, 2020
Hey there! Lydia here. Welcome back to our She Knows Her Numbers Blog series!
This year, I really want to dive into the idea that you can understand your numbers. I thought the best way to show you this is to give you examples of real women business owners who are taking imperfect steps to know and understand their numbers.
This week, I’ll be featuring Sarah with Love and Spreadsheets. I’ll be honest. I’m kinda in love with her spreadsheets. She posts videos of them on Instagram and I’m always drooling over how pretty and practical they are. Too nerdy? Maybe so, but it’s true!
Without further ado, here is Sarah!
I’m a systems strategist and educator for right-brained business owners who would color code the world if she could. Two years after abandoning my print design business because I just “wasn’t cut out for business,” I rejoined the world of creative entrepreneurship with a mission to encourage and empower them to maximize efficiency in their business so they can spend their time on what matters most.
The founder of Love & Spreadsheets and (soon-to-be) The Spreadsheet Shop, I love using systems, organization, spreadsheets, and the perfect amount of planning to create a life you love.
An unabashed bookworm and constant traveler, I believe life is a gift meant to be celebrated, Tuesday morning should be as memorable as Saturday night, and nothing boosts your confidence like the perfect red lipstick. I live just outside of DC (soon) with my (soon-to-be) husband.
What accounting system do you use?
Do you consider yourself a natural numbers girl?
Yes and no. I don’t think it would come naturally, except I grew up in a house with two financial counselors for parents.
What are you doing to become more comfortable with your numbers?
Just making a practice of looking at them more regularly. For me, knowledge is power. I can get a little anxious about cash flow and spending and the like, but simply seeing the numbers in black and white gives me confidence in the decisions I’m making.
How often are you checking your numbers?
Once a month for most things, biweekly for some others
Have you outsourced this? Give your bookkeeper a shout out!
Nope! Just me!
What’s your best advice for someone just starting out in regard to their money?
It sounds like the most cliché advice ever, but give every dollar a name IN ADVANCE. Basically, create a plan for how much you’re going to spend and where you’re going to spend. (And no, you don’t have to call it a budget.) You are SO much more likely to make good decisions with your dollars if you do this, rather than trying to fly by the seat of your pants.
What’s your Starbucks order? (Just for fun!)
An apple chai! It tastes like fall in a cup!
What report is most helpful for you to look at?
Profit and loss is definitely up there, because it’s super helpful to have that overarching picture of how I’m doing from month-to-month, but I’ve also built out a sheet in my financial tracking spreadsheet that helps me track income projected vs. income received, which is super helpful for making smart decisions in the short and long-term
How do you stay organized?
Spreadsheets, of course! And using the tools in Wave Apps as well.
How do you make looking at your numbers more fun?
Making my spreadsheet pretty. Haha. I’m not sure if it was a natural bent or simply the result of growing up with the parents I did, but they’ve both been financial counselors for years and now both have accounting degrees (and my mom is a CPA and the financial controller for our church), so numbers were never a “scary” thing in our house.
How can readers contact you?
Thank you for sharing, Sarah!