Category: Running a Business

Do you end up feeling like you’re out of money at the end of each month? Are you ever concerned that one major setback might force you to stop streaming? Traditional budgeting works just fine but it focuses too much on the present and not enough on the future. Let’s talk about reverse budgeting. What isn’t reverse budgeting? What is reverse budgeting not? Negative titles are hard… This is pretty simple. Reverse budgeting isn’t your standard budgeting advice. In a traditional budget (which I still think is really useful) you track and categorize all of your expenses. That way, you can see what you’re spending and match it to your income. It’s a big focus on each category- did I spend too much on eating out this month? Too much…

  We’ve talked about setting up your taxes and running your stream like a business, but how do you measure the health of your household and business finances? Clearly, each of us is different in our responsibilities and things we have to or want to pay for but my goal is to give you some good rules of thumb. It’s important to remember that since these ratios are rules of thumb there might be things in your life that make it so you need to track it slightly differently! Remember, you want to focus on increasing your income and protecting yourself from downsides- this article is a protect your ass article. Liquidity Ratios What's liquidity you ask? It's a measure of how available your money is for you to use,…