Question

Explain what a cash-flow calendar accomplishes. Name three techniques to control spending.

Answer 1

Every company gets revenue and makes expenditure.The company must plan the revenue and expenditure in such a way so that there is no loss.Cash flow is the revenue and expenditure of the company for a period of time.Calendar of cash -flow is the report of revenue and expenditure of cash, of the company..Thus cash flow calendar consists of funds revenue calendar and funds expenditure calendar.

Three ways to control spending are to stop using cards and use more of cash because cards and other electronic payments increase spending.Again it is necessary to stop purchases which are on impulses. because retailers make profit by making people purchase on impulses, like placing display items on the entrance of shops.It is also necessary to stop recurring expenses as long term savings will come from reducing such expenses.