Comments on: Financial Ratios for Personal Evaluation: Working Capital Ratio

By: Financially Savvy Future

Financially Savvy Future — Wed, 23 Jul 2008 02:13:45 +0000

And I thought I was onto something when I was direct depositing into savings, and transferring expense amounts into savings a day before they come due. This is a whole new level. Well done!

By: Flexo

Flexo — Wed, 23 Jul 2008 02:07:16 +0000

FSF: I do not carry credit card balances from month to month. The credit card for me is simply a way to keep my money used for expenses in savings for an extra 25 to 55 days. Thus I have no monthly credit card payment, only an “accounts payable.” It might be an ever better option to leave the credit card amount out entirely.

By: Financially Savvy Future

Financially Savvy Future — Wed, 23 Jul 2008 02:03:36 +0000

Flexo, can you explain the reasoning behind using your entire credit card balances towards your liability total each month, as opposed to the monthly payments (min due), since you aren’t treating other debt payments (car and student loans) in this way? Thanks!

By: credit card observer

credit card observer — Fri, 08 Jun 2007 07:57:59 +0000

Great post! That’s what financially succesful people do. Making monthly tracks of personal financial position and progress. If we all were so responsible with money, if we all treated credit as it is (no free money)-then the bankruptcy rate in the country would definitely subside.