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Beginners Board
Cash flow
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<blockquote data-quote="backhoeboogie" data-source="post: 1426966" data-attributes="member: 3162"><p>A minimum/maximum system worked for me. There always needs to be a minimum amount in the account for emergency situations. You need to set an amount you are comfortable with. If you start getting close to that margin, stop spending, skimp, or sell something. </p><p></p><p>Credit doesn't count and should be separated from your cash flow expenses. Different spread sheet. Payments for equipment come out of the account but you cannot rely on credit as your emergency back up. </p><p></p><p>Then there is the max. Any amount above X is extra and should be spent or transferred out. Pay off debt or take a profit or anything else. </p><p></p><p>there are hundreds of names and terms, but this system of "cash flow" worked for me.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 1426966, member: 3162"] A minimum/maximum system worked for me. There always needs to be a minimum amount in the account for emergency situations. You need to set an amount you are comfortable with. If you start getting close to that margin, stop spending, skimp, or sell something. Credit doesn't count and should be separated from your cash flow expenses. Different spread sheet. Payments for equipment come out of the account but you cannot rely on credit as your emergency back up. Then there is the max. Any amount above X is extra and should be spent or transferred out. Pay off debt or take a profit or anything else. there are hundreds of names and terms, but this system of "cash flow" worked for me. [/QUOTE]
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