This image shows you what the the cashflow looks like now. The image doesn't include the updated Shaw bill - but the flow will just be slightly higher when I do, not less.
Shaw was great about moving the date, and I feel much more confident about the ins/outs. Though we do still have to manage the large number of transactions that are scheduled to occur on each of my pay-days.
There is risk that if my payroll is not processed prior to the mortgage payment, and other automatic withdrawals, that we could dip into the negative - or have a payment bounce. So, for that reason - I still think it's a good idea for Jordan and I to have an account buffer...but what's the right amount?
Here's what it looks like:
I wish that I had done this before - It's been a really helpful exercise to get a handle on the cash flow.
At the beginning of March you can see I added a 'Need' row. It was clear that the buffer we already had wasn't doing it's job! So I'll be transferring $515 from my emergency fund, and moving it here once I hit publish on this post.
The part I had the most difficulty with was figuring out when, and how much I could take the 'left over' from the account and sweep it into the Escape Snowflakes. I would really, really appreciate your thoughts on this one. At first I thought at the end of the month, then I thought at the beginning - but after working it through, I think that once I've received my first pay of the month. I should be able to sweep the balance of the account, less my pay.
Any questions? Do you think I missed anything?
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