How to Manage Unpredictable Cash Flow
Compare your ministry’s summer income to year-end. Quite a contrast, hey? No organization, profit or nonprofit, receives revenue at a predictable pace. Inability to manage this... [read more]
Cash Reserves: An Online Calculator for Good Stewardship
Knowing how much liquid cash to keep on hand is difficult. That’s why ECCU offers ministries a three-step education on how to factor the cash reserves they need, plus an online calculator to determine... [read more]
With Cash Reserves, One Size Does Not Fit All!
I’m sort of a hat snob. To me, fitted hats are much cooler than the one-size-fits-all kind, even the elastic ones like I got at a golf tournament last year. At first I thought, “Hey, this is pretty comfortable.” But by the fifth hole, it felt like... [read more]
Is Saving Part of Your Spending Plan?
It might be a stretch to say that the day my wife and I started using a budget changed our lives, but not a big stretch. That day we substituted being frugal (our alternative to budgeting) for actually knowing our financial status. It was... [read more]
How much cash reserves do you need?
Okay, you know cash reserves are important, and you’ll do the work to figure out how much your organization needs. But what if there were a tool to quickly calculate... [read more]