Top 5 reasons Thriday is perfect for Tradie Wives

February 20, 2024
6
minutes to read
by
Ben Winford
Table of Contents

Tradie wives; a vibe, a lifestyle choice or just a wise business decision. Whatever it is for you, becoming a tradie wife is a demanding role that requires a multitude of skills. A tradie wife - the partner of a tradesperson, such as a plumber, electrician, or carpenter – can support their partner in various ways, including managing the household, raising children, and providing business support. In this article, we'll explain the ins and outs of the role and why Thriday is the perfect tool for the perfect tradie wife.

A tradie wife is the spouse of a tradesperson that provides extended support to their partner's small business activities. From dealing with suppliers, generating leads, to doing bookkeeping or admin tasks, they play a vital role in emotionally and practically supporting their partners and families emotionally and practically.

But what exactly do tradie wives do? One of the primary responsibilities of a tradie wife is to manage the household and finances. This includes paying bills, budgeting, and managing household repairs. They also often take care of their children while their partners work. These domestic responsibilities can be demanding, but they are essential to keeping the household running smoothly.

In addition to taking care of the house, tradie wives also play an important role in the business side of their partner's trade. Most tradie wives handle banking, bookkeeping, marketing, and other administrative tasks. They often take care of the behind-the-scenes aspects of the business, allowing their partners to focus on the hands-on work. This collaborative effort allows their partners to grow their businesses and increase their income.

Another critical role of tradie wives is to provide emotional support to their partners. The trades industry can be challenging and stressful, with extended hours and physically demanding work. A tradie wife serves as a sounding board, a confidant, and a source of encouragement for their partners. They also serve as a bridge between the family and the trades industry, communicating with clients, suppliers and other contractors.

Thriday is an excellent tool for tradie wives who love helping their partner but struggle with all the work involved. Thriday combines banking, accounting, and tax into one platform, and in doing so, eliminates time wasted on financial admin. Using artificial intelligence, Thriday automates financial admin tasks that currently rely on a tradie wife to complete. Tasks such as reconciling receipts, forecasting cash flow, tracking paid invoices and conducting accounts payable. Tasks that take the average small business over 6 hours a week to complete. Tasks that take up precious time that may be better spent with the kids or generating more business.

There are five key reasons why Thriday is perfect for tradie wives:  

  1. All-in-one: Thriday combines everything you need into one platform. When you register with Thriday, you get issued a business bank account* and Visa Debit card*. Alongside banking, you can issue invoices and quotes, generate tax reports and file your BAS to the ATO. Having everything in one place not only makes your life easier but also means less manual admin.
  1. Automated: As you earn income or spend money on your Thriday bank account*, Thriday uses AI to code your transactions to a chart of accounts automatically. Any receipts or income earned are automatically reconciled as well. Thriday cuts down the 6 hours a week a regular business will waste on financial admin to 30 mins. It's like having a personal financial assistant doing the books.
  1. Real-time: Thriday was built using the latest machine learning innovations and cloud technologies to process data in real time and with a high degree of accuracy. To make decisions on the fly, you must have the most up-to-date information at your fingertips. Other platforms rely on data that is days old, so you don't fully understand the actual position of your finances.
  1. No setup: Accounting platforms take a lot of work to set up. First, you must set up your bank feeds (which can take weeks). Then you need to code rules around what different transactions mean. The systems are clunky and were designed for expert accountants, not business owners. Thriday was designed and built by business owners for small business owners, so you know it's simple.
  1. Pricing: Thriday is significantly cheaper than other platforms, especially when you add all the additional apps required, such as receipt scanning, accounts payable, and BAS lodgment. If you run a small business and want to get things done, Thriday is perfect and very affordable.

The best part is, you can sign up to Thriday in under 3 minutes.

The role of a tradie wife is multi-faceted and demanding, yet vital to the success of the family's small business. A tradie wife uses their experience to ensure everything runs smoothly – and is an invaluable part of any trade business. They are not just partners but also business partners, confidants, and caregivers. Without them, the trades industry would not be able to function as efficiently and effectively as it does. So, if you are a tradie wife looking for extra support, sign up for Thriday today to save time and get your life back under control.

DISCLAIMER: Team Thrive Pty Ltd ABN 15 637 676 496 (Thriday) is an authorised representative (No.1297601) of Regional Australia Bank ABN 21 087 650 360  AFSL 241167 (Regional Australia Bank).  Regional Australia Bank is the issuer of the transaction account and debit card available through Thriday. Any information provided by Thriday is general in nature and does not take into account your personal situation. You should consider whether Thriday is appropriate for you.

Why waste time on financial admin when Thriday can do it for you?

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