The Buffer Zone. Not many people are paid daily, and even people less have their expenses set up in a way where a bill for $X is due only after you’ve received at least $X this month! We need a BUFFER ZONE to be able to pay the bills in between pay periods. This is NOT your emergency fund, just a buffer zone to keep the household running between income payments.
About Rob
I'm a Christian university Math instructor and, my wife is a nurse. We live in Winnipeg with our two kids, and for years we felt like we made too much money to be so broke. After changing our paradigms around money, we paid off all our consumer debt ($41k) and built a $21k emergency fund in 25 months. Today I (Rob) strive to help Canadians experience the same massive shift in their finances that we did by pushing people to take their financial lives seriously, and with the responsibility that comes from managing money for God. My mission is to be a powerful and passionate example of the unlimited possibilities financially that are available for anyone that commits their life to living for God and following His principles of wealth building. I will share all the best ideas I've come across and strategies to make a difference in your financial life.
This brings to mind the importance of cash flow. If I’m not mindful then I find myself behind. I see the value of that buffer zone. GREAT POINT.
Absolutely! There’s some serious power in being intentional with the buffer zone!