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.

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