Let’s face it: credit cards are like glitter. They can make your business sparkle but can also create a mess that sticks around for years. If you're a studio owner trying to balance community classes, event bookings, and retail inventory, the last thing you need is to be trapped in a web of high interest rates and reward program rabbit holes. But here we are—deep in the trenches of credit card chaos.
Ever felt like your credit card interest rate is competing with concert ticket prices? You’re not alone. Rates are now soaring past 20%, even for those with good credit. Add in annual fees disguised as “exclusive perks,” and you're handing over hard-earned cash faster than you can say "pottery wheel." Worse yet, vendors are pushing credit card fees straight to you—the customer—tacking on an extra 3-4% to every swipe.
Let’s clear the air: all cards swipe the same. Black, gold, or platinum—none of these labels will save you from their outrageous fees. It’s time to set your ego aside, cancel the exclusive membership, and use your resources to actually grow your studio.
We all love the idea of free airline tickets and cashback rewards. But here’s the thing—you're paying for those rewards in some way or another. Instead of chasing flashy travel perks, take the 1.5% or 2% cashback and reinvest it into something meaningful, like marketing your next studio event or upgrading your tools.
Imagine this: a credit card with no fees, paid off every month, used only for short-term cash flow needs. Dreamy, right? This approach keeps your finances healthy, eliminates interest payments, and ensures you’re not funding the credit card company’s yacht fund.
At PYOP Accounting, we believe your studio should be a joyful hub for your community—not a stress factory driven by poor financial choices. By mastering the art of smart credit card use, you can create a studio that supports your dreams, not the other way around. Ready to ditch the credit card chaos and focus on profitability? Let’s chat. 🎨
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Donna Bordeaux, CPA with PYOPAccounting.com
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.
