Maintenance Structure

Discussion in 'Ask An Owner Operator' started by supergreatguy, Jan 10, 2022.

Page 2 of 2
  1. Jan 11, 2022 #11
    supergreatguy

    supergreatguy Road Train Member

    1,030
    2,896
    Nov 26, 2020
    0
    As long as they’re getting paid down good. I used to use the Amex charge gold business…was giving me 4x points on fuel. Paid for a family vacation for us with the points.
     
    supergreatguy, Jan 11, 2022
    supergreatguy, Jan 11, 2022
    #11
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Jan 11, 2022 #12
    noworrez

    noworrez Light Load Member

    97
    142
    Aug 6, 2020
    0
    To quote John D. Rockefeller when asked how much money is enough money? ...."just a little bit more"!

    What others have said, credit card for points but treat it like a debit card. Said credit card points bought 2 RT tickies to Mexico coming up in 7-days.

    For me, a high enough credit line to buy a truck. Enough cash to cover a complete rebuild, enough to take the next couple months off, and 60-days operating expenses to build receivables again.
     
    noworrez, Jan 11, 2022
    noworrez, Jan 11, 2022
    #12
    Midwest Trucker Thanks this.
  4. Jan 20, 2022 #13
    Jed2009

    Jed2009 Light Load Member

    195
    573
    Jan 8, 2020
    Midwest
    0
    I’ve been working to get mine where I want it. Still a ways to go. Currently set up as…

    10k checking - routine expenses and always topped off at 10k.
    50k maintenance - I’ll pay with a 2% CC and pay it off using this maintenance. I’d like this to be more like 75-100k before I can sleep well.
    Escrow account - weekly deposits for taxes and misc, about 350 a week.
    35k - Available business credit cards for emergencies or recurring expenses that are paid for weekly that earn cash back.
     
    Last edited: Jan 20, 2022
    Jed2009, Jan 20, 2022
    Jed2009, Jan 20, 2022
    #13
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

    • Page 2 of 2