A Better Way to Manage Your Everyday Money - Book - Page 220
Pay bills the first time
The first step in paying bills is to
determine whether your
spreadsheet is ready. Start by
expanding all groups in your
cashflow spreadsheet so that you
can review the first column. Look
over the income and bill groups to
ensure:
● all expected income
receipts have been
deposited and entered in
PerNetFlow, and
● all bill and pseudo bill payments are scheduled correctly.
If the net cashflow in the first column is less than zero, meaning there is not enough money
available to pay bills and do set asides, possible adjustments could include:
● depositing money into the cashflow space's checking account from an investment account
or other external source and entering the deposit as an Other deposit
● reducing the amount of your weekly allowance
● reducing or delaying one or more bill or credit card payments
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