tag:blogger.com,1999:blog-349077619232459873.post6007386401631774540..comments2023-10-29T02:44:43.200-07:00Comments on Random Thoughts In My Life: Feeling BrokeMikehttp://www.blogger.com/profile/03866077134601099787noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-349077619232459873.post-22032266490323663042012-05-15T20:05:17.546-07:002012-05-15T20:05:17.546-07:00Mike: Managing short term cash flow is more about...Mike: Managing short term cash flow is more about timing than anything else, it doesn't save you much money and the paltry interest of today's checking and money market accounts makes the lost opportunity cost of investing the excess cash is nearly worthless. Delaying payments can give you the sense that you have more cash available, but it really is just an illusion.<br /><br />If you have electronic bill pay, take advantage of that and time your payments closer to the due date. Most credit cards allow you to pay electronically and even have automatic bill pay options. Just set it to pay 2 days before the due date to make sure it credits the payment on time. <br /><br />Not sure what your options are on student loan -- you can check to see what's available.<br /><br />You have learned an easy lesson here, when you make more money you tend to spend more. Try living below your means for 3-6 months to build up an emergency fund so you have backup -- that way you know you have access to some funds if something unexpected pops up.fan of caseynoreply@blogger.com