Your cash reserves are your umbrella on a rainy day
We all know the sentiment about saving for a rainy day. And unfortunately, weather forecasts aren’t always accurate—which means a downpour can spring up when you were expecting nothing but sunshine.
In those cases, you’ll be glad that you built some solid cash reserves. Use this as your guide, and take comfort in the fact that you have an umbrella at the ready to get you through those pop-up showers.
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1Envelopes: You can create up to 9 Envelopes within your primary QuickBooks Checking account. Money in Envelopes must be moved to the available balance in your primary QuickBooks Checking account before it can be used. Envelopes within your primary QuickBooks Checking account will automatically earn interest once created. At the close of each statement cycle, the interest earned on funds in your Envelopes will be distributed to each Envelope in proportion to the average daily balance of each Envelope.