Rule Six: Never spend money you haven’t made.

I am glad July of 2010 is behind me.  I cannot recall a month that was less lucrative in my serving career.  My income dropped by well over 50% last month.  Unbearable heat combined with a disproportionate number of patio shifts took a chunk out of my savings.  I had planned for a slow month, but not one this slow.

I was fortunate enough to follow my own advice on saving and budgeting.  I keep my living expenses low and save during good months.  This allowed me to avoid the month being devastating financially. I stay out of debt and carry no credit cards.  My car is paid for and my rent is minimal.  My savings was depleted, but not drained.

Read the full story at Tips For Improving Your Tips

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