tag:blogger.com,1999:blog-37872616.post2940445228882911948..comments2024-03-29T22:13:20.913+08:00Comments on BULLy the BEAR: Cash flow management Ila papillionhttp://www.blogger.com/profile/01372278083694506953noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-37872616.post-51843581266696559962024-01-17T11:54:55.753+08:002024-01-17T11:54:55.753+08:00Effective cash flow management is an ongoing proce...Effective cash flow management is an ongoing process that requires attention to detail, strategic planning, and a proactive approach to financial management. By implementing these principles, businesses can enhance their ability to navigate financial challenges and position themselves for long-term success.<br /><br /><a href="https://moolamore.com/" rel="nofollow">Best Cash Flow Forecasting Software</a> | <a href="https://moolamore.com/why-moolamore-uncover-the-power-of-financial-forecasting/" rel="nofollow">Financial Forecasting Tips</a> | <a href="https://moolamore.com/moolamore-vs-spreadsheet-how-to-streamline-cash-flow-management/" rel="nofollow">Moolamore Cash Flow Management</a><br />Moolamorehttps://www.blogger.com/profile/11445241424684095480noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-6235037526993688122011-08-26T15:58:01.096+08:002011-08-26T15:58:01.096+08:00Hi SMOL
I can understand how you feel...from an ...Hi SMOL <br /><br />I can understand how you feel...from an individual's point of view...<br />In fact, I have seen many elderly relatives who are equally carefree and they usu don't want to know too much of their health problems and wish nature would just take its course...<br />Unfortunately, we are talking about an entire nation herefinancialraynoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-25029511433226488192011-08-26T15:39:08.454+08:002011-08-26T15:39:08.454+08:00OK, I must say my peace. We humans sometimes worry...OK, I must say my peace. We humans sometimes worry too much...<br /><br />There are also insurance and retirement "bubbles". Buying protection or making retirement plans we can't afford to me is the same as living beyond our means.<br /><br />I wonder do birds and animals worry about their old age or what happens if they get sick... I know it's a bad analogy; but whatever will be will be. <br /><br />Will the sky fall tomorrow? Will there be a earthquake? The best insurance to me is living :)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-92160995269784433172011-08-26T14:37:36.810+08:002011-08-26T14:37:36.810+08:00Hi LP,
I think the scenario is so scary that may...Hi LP, <br /><br />I think the scenario is so scary that maybe 2 or 3 generations are all affected.<br />Imagine the aging population see more claims while premiums drop because of declining birth rates for last 10 years and next 10 years. Insurance will raise the premiums perpetually and the elderly will be priced out of their H & S plans when they need them most. <br />The Singapore Government has to relook their incentives to boost birth rates ASAP. Don't believe Wong Kan Seng who mentioned last year that incentives are adequate at the moment. The longer we delay, the higher the costs. As it is now, MM Lee says we will need to break the banks to increase birth rates. Well, we have to try something at least or rely on immigration which risks social disintegration, eg who wants to do NS if >50% of population are foreigners. The domino effect and repercussions of a declining AGING population has to be seen in terms of survival of SIngapore. Before we need to break the banks, it is still nec to consider incentives ASAP rather than regret years down the road.financialraynoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-39781761561203924602011-08-26T13:10:14.598+08:002011-08-26T13:10:14.598+08:00Hi financial ray,
I can totally empathize. I also...Hi financial ray,<br /><br />I can totally empathize. I also have to foot the bills of my parent's h&s plans. They do not have any life insurance or CI, which is typically of their generation, so this will have to do. Also have to be prepared to take out emergency cash in case something bad happens...just part and parcel of life being in the sandwiched generation.<br /><br />So, we not only have to take care of our future selves, we also have to take care of our parents and our kids. One or two generation would have to sacrifice, so which one would it be?la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-39118976201938450342011-08-26T12:38:17.332+08:002011-08-26T12:38:17.332+08:00HI LP,
I read in "my paper" today of thi...HI LP,<br />I read in "my paper" today of this sandwiched family who is struggling with insurance. Sometimes it is not just cash flow for emergency funds, insurance and investments. We also forgot retirement planning for ourselves.<br />The writer lamented that he had to pay quite a bit of cash for his parents' shield plans who are over 80 years old. That is quite scary considering the amount of cash needed. I can identify with the writer and the problem will be worse when our aging population shrinks further in the next 10 years. The medical insurance for our elderly will be rise while fewer children can support their parents.financialraynoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-84800140579446834422011-08-26T11:05:48.506+08:002011-08-26T11:05:48.506+08:00Hi temperament,
Well, it depends on one's tem...Hi temperament,<br /><br />Well, it depends on one's temperament, haha! As long as you know whether at the end of the month, that you saved more than you had spend and you lived below your means, any way that you find comfortable should be good. In fact, comfortable is paramount, because if you're not, then it'll not last.<br /><br />Savings shouldn't be the end game. It's what one does with the savings that matters ;)<br /><br />Hi JWT,<br /><br />I don't really set a budget for every item, as mentioned. But I did do up for major things, like marriage, housing, renovation etc... <br /><br />Hi financialray,<br /><br />Oh, I love your analogy! It's very apt!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-18485523453607650752011-08-25T12:35:36.669+08:002011-08-25T12:35:36.669+08:00Savings is perhaps like starting a car.
Investing ...Savings is perhaps like starting a car.<br />Investing is like driving the car to our destination, both of course need insurance.<br />Similarly, car drivers usually male while females usu tend not to pay so much attention to financial matters.financialraynoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-21175199370856547202011-08-25T08:51:16.755+08:002011-08-25T08:51:16.755+08:00Agree with CW.
For me, i set a projected budget o...Agree with CW.<br /><br />For me, i set a projected budget of the major items that will be spent over the next couple of years.<br /><br /><br />JWTAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-2650231684688581092011-08-24T12:36:03.404+08:002011-08-24T12:36:03.404+08:00Hi LP,
i really take my hat off to all those peopl...Hi LP,<br />i really take my hat off to all those people who can track their daily expenditures so closely and still enjoy it.<br /><br />For me, i just try not to spend unless necessary. If i have to especially "big items", i will check my current net worth and cash flows to see whether i can still live normally.<br /><br />i only track my expenditures by monthly banking statements.<br />As long as it's positive, i am happy.<br /><br />i like to believe almost all working classes are doing well in the end through "IGAS"- property, bond, stocks, etc. not their savings unless you are one of the CEOs of Big Blue Chips or one of the "Ministers of slaving population".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-16148675458482889092011-08-24T10:20:04.616+08:002011-08-24T10:20:04.616+08:00Hi FFN,
No need to track so closely lah, it's...Hi FFN,<br /><br />No need to track so closely lah, it's not necessarily for everyone. If it's not fun, I wouldn't have done it for so long anyway. However, it's important to know the overall picture on a monthly basis (i.e. I've a + cashflow of $500 or whatever) for planning purpose.<br /><br />I try to save at least 50% of income, and spend less than 50%. This means that for every month that present me is doing this, I'll save a month to support the future me. Fast forward, if I work for 20 yrs, I'll have saved enough to last me 20 yrs without me working. Of course, things will happen to remove that savings, but the general idea is there.<br /><br />Save now so that the current you can support the future you!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-79855586914661463022011-08-24T10:12:30.895+08:002011-08-24T10:12:30.895+08:00Hi bro8888,
Hmm, you do that right? I don't h...Hi bro8888,<br /><br />Hmm, you do that right? I don't have the habit of doing yr budgeting and have not done it before. I only budget on special big projects so far. Thanks for sharing!<br /><br />Hi PG,<br /><br />Yea, everyone should at least read that book once. It made me aware of some concepts regarding life goals (I thought I knew that already!). Thanks again for recommending that book!<br /><br />Haha, it's quite impossible for me to not touch my expenditure spreadsheet if I spend money. I'll actually feel 'strange', like I forgot to take change or something...haha!<br /><br />Hi FFN,<br /><br />Long time no see :) Haha, et tu? Yes, me too - I keep track of things as long as I take it out from my pocket. But if it's less than 10 cts, forget it, hahala papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-62575386761144395042011-08-24T10:01:52.077+08:002011-08-24T10:01:52.077+08:00Yes, to start savings ASAP is important and to do ...Yes, to start savings ASAP is important and to do that, need to have positive cash flow.<br />Never too young to save. <br />A 40 year old guy who wants to retire at 60 only have 240 pay checks to collect provided he is not retrenched at all over the next 20 years. <br />To save requires a lot of discipline, motivation and delayed gratification.<br />However, I do not track my expenses so closely as long as I know I am a lot in the positive side, I am ok.financialraynoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-32285587054235855172011-08-23T21:51:28.412+08:002011-08-23T21:51:28.412+08:00Hi LP,
Your statement "I started off wanting...Hi LP,<br /><br />Your statement "I started off wanting to do it for 1 month only, but it gets kind of fun knowing exactly where my cash flows to at the end of the month, so I carried on doing so." resonates with me so well. I also started tracking my expenses and wanted to do it for only a month. But have continued ever since March this year as it's quite fun and addictive. I keep track of every single expense even buying Straits Times for 90 cents!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-23685229952565945352011-08-23T18:18:49.464+08:002011-08-23T18:18:49.464+08:00Hi LP
A timely reminder that cash flow is importa...Hi LP<br /><br />A timely reminder that cash flow is important. I'll highly recommend "Your Money Your Life" by Joe Dominguez and Vicki Robin as they share how literally managing your money is important as it is your life energy flowing out when we spend money that is hard earned from our sweat and tears :-)<br /><br />I continue to track my expenditure and in fact feel strange if I don't touch my expenses spreadsheet for longer than 3 days in a row. :-)<br /><br />Be well and prosper.PanzerGrenadierhttps://www.blogger.com/profile/15836438378215893219noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-26851526165430662842011-08-23T16:54:17.302+08:002011-08-23T16:54:17.302+08:00Do remember to include our year end budgeting exer...Do remember to include our year end budgeting exercise on how to spend our money for the next year so that we don't over-save and under-spent?Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.com