My Worst Client
My Worst Client
It’s December 19th. I’d planned to go Christmas shopping; it was getting close to the wire, but it started to slush, and after a short walk, I was left soaked and cold, so I decided to leave it until tomorrow, when it’s supposed to be sunny.
I can shop mid-week because I’m self-employed, one of the perks.
When I sat back down at my desk after skipping the slushy shopping, I thought: I can do anything I want right now. I’d already booked the time off in my head.
What had I been putting off because of more pressing deadlines?
My own bookkeeping.
I am one of my own worst clients. I throw receipts in the drawer next to my desk or leave them buried in my inbox, where most of them live these days. If I’m honest, I didn’t want to. But it needed doing.
When I started my business, it was a slow start, and I made barely any money that first year. As a sole proprietor, I hadn’t paid any tax through the year, no employer withholding it for me, so when I filed, I reported my pitiful non-earnings, and that was it. No tax owing, no refund. Slightly anticlimactic.
By my second year, I’d turned a profit. I still hadn’t been making tax instalments, since I hadn’t owed enough the year before to require them. I scraped some savings into an RRSP to lower my taxable income, and had just enough left over to cover my tax bill. Phew.
A couple of years in now, the business has become a real, full-time job. Not nine to five, but at least forty hours a week. I’d been keeping half an eye on my billings, enough to know that the “savings” sitting in my account weren’t really savings. They were this year’s tax bill. But I kept looking at that balance and getting a little happy feeling anyway.
That’s the danger. Once you start imagining everything you could spend a balance like that on, you know exactly where that leads. Spending.
So today, close to year-end, I finally sat down to see how much of it was actually mine to spend, and how much was tax.
It was tax. All of it. It turns out I’m a pretty good accountant. I’d saved the exact right amount, to the dollar.
Sigh.
All the little happy feelings drained out of me at once, replaced by one loud thought: what’s the point of working harder if I end up exactly nowhere?
That spiralled into everything I’d sacrificed that year, all the hours, for what felt like nothing.
I let myself wallow for about ten minutes. Then I turned it around.
I’d spent the year doing exactly what I wanted. My business had grown enough to support my family. I’d had the freedom to do things when I wanted to do them. That’s not nothing. That’s proof I can keep building a life on my own terms, one that’ll need to keep growing as my kids head into their teens, then university.
Today’s little exercise in self-pity taught me something else too: the thoughts you let take up space in your head shape your life just as much as your actual finances do.
So yes, pay attention to your money. Clarity matters. But pay just as much attention to what’s running through your head while you look at the numbers. And don’t leave your bookkeeping until December.


