Warning: my main client's payment system crashed on Friday and I had to cover $2,300 in bills from my emergency fund...

I spent the weekend setting up a simple spreadsheet to track three different income streams so one hiccup won't freeze me out again, has anyone else found a good way to smooth out the cash flow bumps?

3 comments

3 Comments

jordan3301mo agoTop Commenter

Wait, you had to cover over two grand?

river_reed1mo ago

Covering that amount isn't unusual in my line of work. Last month, a client's emergency plumbing job after a pipe burst came to $2,300 before they could get reimbursed by their insurance. It's just part of the service agreement. Some jobs have high upfront material costs that you have to carry for a few weeks.

rileyl9812d agoProlific Poster

Whoa, hold on @jordan330, I'm with you on that question. Is it really that serious to need a whole spreadsheet over $2,300? I mean, yeah it sucks when a payment is late, but that's what an emergency fund is for. Sounds like you just paid yourself back in a way. People act like a little cash flow hiccup is a full-blown crisis, but honestly, if you've got enough in savings to cover it, you're already ahead of most folks. Seems like a lot of drama over a normal business bump in the road.