Money reserves / Paycheck questions

Thats the smart way of doing it, I failed to mention I also put my fuel on my card, but only because I always fill up at the Quick Trip in Anderson SC, where credit is the same as cash price, $2.32 a gallon right now, and you're right RC, a person should always try and have more than the bare minimum in their buisness account, because after its all said and done, if I have to make a $27,000 repair bill, I better still have my bare minimum left in for an EXTREME emergency...

 

Good. Minimum cash $10k. Rollin' is right about the $25k, although it helps if your truck will cooperate. Note: both Rollin and Punk mention credit card? I use a $25k card I've had for 15 years...please, consider the vast difference between credit and debt. Using credit to your benefit is smart management. Using debt is not, unless your goals include a plan for managing that use, as in Blair...

 

I guess i missed the memo guys,im a bit different see i do a 3rd,a 3rd and a 3rd policy,with this policy you can NEVER go WRONG PERIOD,Always, and i do mean Always Put MONEY BACK IN TO YOUR BUSINESS,I CAN NOT STRESS THIS ENOUGH FOR NEW O/Os,and i have a Personal account that the company pays me and a Business Account for the Business I keep separate cards for Fuel,Maintenance,and break down it makes everything alot more simple,this is my MODEL nothing is wrong with the other ways suggested, i agree with those as well and at the end of the year after SAM takes his cut,then you can claim a nice* DRAW/ BONUS!! WINK!! WINK!! NUDGE NUDGE!