Create a cash flow budget

[Starmix]

To avoid feeling broke in a day, we need to create a cash flow budget that shows exactly when your income will arrive and when payments are due. We have to do this every month s that when the time comes to pay the bulls, there is no headache on where to get the money for payment. There are many bills to pay like insurance premiums or house rent if you are renting. Analyze your cash flow budget to determine if you will need to decrease spending in certain months or obtain a loan or credit line to pay bills during certain months. We will get used to it.

 

[Suba]

In general, cash budgets are used more by businesses/companies, for personal budgets we simply use a month's budget that already reveals all income and expenses. The company will create a cash budget to predict cash flows for a period with the aim of estimating cash to meet the company's operational needs and the company's other funding needs.

 

[eLdavis]

This is a good one and it really makes sense,but we need to be disciplined, cause without personal discipline, all our plans would be useless.

 

[Starmix]

Self-discipline is necessary to avoid facing disastrous problems like payments for bills. Bills are forever and if we don't pay, we will suffer the consequences. It is our first priority to budget monthly.

 

[Kirubel]

Personally i have only two income source at this time and that is the offline work which is my full time job and the online job that i earn from ptp and trading platforms. and i try to manage the money that i get from offline works to a rent grocery and transportations.

 

[Starmix]

Personally i have only two income source at this time and that is the offline work which is my full time job and the online job that i earn from ptp and trading platforms. and i try to manage the money that i get from offline works to a rent grocery and transportations.

At least you have offline work and despite having it, you can still manage to work on a ptp site. Like me, I always give time to post on DBucks and RIF, bit sad RIF no longer appears on the web.

 

[Kirubel]

At least you have offline work and despite having it, you can still manage to work on a ptp site. Like me, I always give time to post on DBucks and RIF, bit sad RIF no longer appears on the web.

Having some additional income source is a good thing, even if the additional income is small, still it can help us on our day to day life and we can even use the earning to trade with it.

 

[Starmix]

Having some additional income source is a good thing, even if the additional income is small, still it can help us on our day to day life and we can even use the earning to trade with it.

You are so right, our small online earning could accumulate and come big sooner or later. It all depends in us. If we are lazy then we willnever get what we want to get.r

 

[Kirubel]

You are so right, our small online meaning could accumulate and come big sooner or later. It all depends in us. If we are lazy then we willnever get what we want to get.

Indeed, being lazy will not give us what we want and what we dreamed of, since we have small time lets use that time to get a lots of money then we can have good time when we retire.

 

[Starmix]

Indeed, being lazy will not give us what we want and what we dreamed of, since we have small time lets use that time to get a lots of money then we can have good time when we retire.

We surely receive what is deserving for us if we work faithfully and not lazily for there is no good output if feeling lazy all the time. We need to inspire ourselves with the goals we have.

 

[Kirubel]

We surely receive what is deserving for us if we work faithfully and not lazily for there is no good output if feeling lazy all the time. We need to inspire ourselves with the goals we have.

That i true, maybe there will be a time we hire others to work for us, like we are working for others right now.

 

[Starmix]

That i true, maybe there will be a time we hire others to work for us, like we are working for others right now.

And let's never forget to create a cash flow budget. It's not easy to find money right away when need of it arises. It's best to do this to prepare for futurity.

 

[Kirubel]

And let's never forget to create a cash flow budget. It's not easy to find money right away when need of it arises. It's best to do this to prepare for futurity.

You are right, no matter how small our budget is planning and having a cash flow budget is a wise thing and we can save a lots of money from doing that.

 

[Starmix]

It will be very bad if there is no saving and when we need money urgently, it is hard to find people who can lend us even a small amount. Let us create a cash flow budget to save.

 

[Kirubel]

True, saving is mandatory thing, it is important for many things, and if we don't have saving and if we don't save some amount of money from our income then things will be hard.

 

[Starmix]

This time only a few thinks about savings. Their concern is the daily needs, the medicine and the health maintenance of old parents. The children have to tackle the finances. It's best to have extra income online and save it.