Personal Finance

Using the “3-6 Months Rule” to Determine Your Cash Reserve Needs

What is the 3-6 months rule? The 3-6 months rule is a broad rule of thumb commonly used as the starting point for determining a cash goal reserve. The first question that typically arises is, three...

Use of Cash Flow Analysis in Creating Your Budget

What is cash flow analysis? Analyzing cash flow is a simple process that helps you avoid the problems of a cash shortage. A cash crunch doesn't necessarily mean you are broke, but it is a situation...

Advantages and Disadvantages of Credit Cards

What are the advantages and disadvantages of using a credit card? If you're out shopping, it may be more convenient to carry a credit card to pay for your purchases than it is to carry cash or your...