In this episode of the money mini-series, Kelsey outlines the concept and steps of conducting a monthly 'money date', a practice aimed at auditing one's financial situation in a business context. The process includes choosing a specific day each month to review finances, preparing emotionally and physically for the session, reviewing and reconciling bank statements, categorizing finances into buckets like revenue, costs, owner pay, team pay, taxes, and profit, and making calculations based on this data.

Kelsey emphasizes the importance of consistency in this practice for gaining clear insights into financial patterns and making informed decisions. Additionally, the personal practice of money dates is highlighted as foundational before discussing how to conduct joint family money dates, set to be shared in a future episode. The episode encourages listeners to take proactive steps in understanding and managing their financial situation, highlighting the empowerment that comes from clarity and strategic planning.

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