Comments on: Top 5 Tips on Building a 6 Month Cash Reserve

By: Steve

Steve — Wed, 24 Feb 2010 06:50:11 +0000

I really like these short top 5 lists. This is great advice for everyone, not just small business owners

By: Rubein

Rubein — Fri, 29 Jan 2010 09:24:32 +0000

Cool! Short but strong – keep on giving us more tips.

By: lee

lee — Thu, 21 Jan 2010 09:06:27 +0000

See who you are paying off debt to then list the highest interest rates. Then try and remove or refinance the most expensive lending.

By: Mark

Mark — Wed, 20 Jan 2010 21:36:17 +0000

This is good advice for everyone not just business owners. 5% is a good target too.

Mark

By: Joey

Joey — Fri, 15 Jan 2010 21:15:42 +0000

Very short blog post, but full of useful tips. Thank you so much for sharing. If for anything else people just need to live within their means. While trying to keep up with Jones’ people eventually rack up huge credit card bills and are screwed.

By: Laura Aridgides

Laura Aridgides — Thu, 14 Jan 2010 02:14:45 +0000

How about looking for ways to reduce, eliminate or streamline? I’ve found that reducing costs, eliminating non-profit generating expenses, and streamlining business tasks all helps to increase the bottom line, which, then helps you save more money.
To your success,
Dr. Laura

By: Frank

Frank — Wed, 13 Jan 2010 21:21:20 +0000

I’m enjoying these Top 5 lists. I think the tip about saving money when you have a day job is a good one. I have friends who want to start their own business and I’d advise them to start saving money now even if it is a long term goal.

By: john

john — Tue, 12 Jan 2010 18:07:08 +0000

I really don’t know if these tips could be applied every week in real life. An unexpected problem which requires your immediate attention and of course money could arise at any time so you won’t be able to put in practice these tips. The best tip from my point of view would be to avoid unnecessary expenses. If you want to build a cash reserve try not to spend money on everything that comes in your mind. Pay your taxes, buy only what’s necessary and I am sure you will be able to build a cash reserve.

By: Matt

Matt — Tue, 12 Jan 2010 13:09:22 +0000

Good solid tip list, wish I’d thought about setting aside 5% of my paycheck back when I was first starting out, could have saved a headache or two. Lucky I’m still young enough to borrow a few denari from the folks lol.