Cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term.
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The word "budget" is often synonymous with restricted and rigid, making you want to avoid it. Instead, use the term "cash flow."
The formula for cash flow is:
(Monthly income) - (Monthly expenses + saving) = (Money left to spend.)
To ensure security, always keep cash or cash equivalent reserves available.
Businesses and individuals may desire to put liquid cash to work through investments. When bills are due, only cash is legal tender. Be sure to have it on hand.
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