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?

2 comments

2 Comments

jordan3308d ago

Wait, you had to cover over two grand?

river_reed8d 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.