pic by Eli the Bearded

In January the savings rate rose to 5%.  The highest rate in about 14 years.  To the degree possible each of us should have three months worth of expenses saved for emergencies.  The same is true of any business.

The recent credit freeze on businesses only underscored this truth.  Credit lines are available at the discretion of the financial institution.  The use of savings and credit lines together are the best tools for businesses to have.

Nonprofits seem to be doing a better job  in cutting costs and adjusting to the market place than than government.  The government should learn to work more like nonprofits before they owe too much.

This entry was posted on Monday, May 18th, 2009 at 12:01 am and is filed under Cash Flow Management, Budgeting. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.