A Budgeting Tactic for Entrepreneurs
By Galia Gichon
Sent: Monday March 22, 2010
Starting this Wednesday, personal finance advisor Galia Gichon is teaching a four-week teleclass for entrepreneurs. Use the code DAILYWORTH to get a 25% discount—and enjoy some of Galia's tips here.
Meeting your financial goals when you're self-employed can be tough—especially if your income is erratic.
Here's a WEEKLY exercise to help you get a grip on cash flow. If you have a life partner with whom you co-manage your finances, we suggest that you do it together.
Write down the following:
|
By writing these numbers down each week, you'll gain clarity into the dynamics of your cash flow (got a white board?). The more you can anticipate dips, the more time you have to either earn more or cut spending.
How do you manage erratic cash flow?
