Personal Expenses vs. Business Expenses Help

[Alex Hogenson]

Hello BP, I am looking into purchasing my first duplex, which I will be owner occupying. I have a question about how to manage my banks accounts. I want to keep my personal income/expenses separate from my business income/expenses, however this will be tricky because the rent will not fully cover the business expenses. This means that my business checking account will go negative and be closed unless I pump personal money into it. My tentative plan is to do the following: Person Checking Account: +Salary (from W-2 job) -1/2 PITI -personal groceries, gas, spending, etc. Business Checking Account: +Rent -1/2 PITI -Business Expenses My rationale is that only half of the PITI is used for business and the other half is a living expense for me. Let me know if anything is unclear or if you have suggestions on how to handle the two checking accounts. Thank you!