Here's the deal. I have a bond out. My money's positive until the day I have to pay. The next day, there's a "missed payment" notice. What can I do to prevent this from happening again?
#1
Posted 12 March 2014 - 10:44 PM
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--Yoshi
#2
Posted 12 March 2014 - 10:46 PM
Not take out bonds would be one way.
#3
Posted 13 March 2014 - 12:17 AM
Well, I'm guessing your bonds are due on either payday, or a day with a lot of lease payments due.
#4
Posted 13 March 2014 - 01:22 AM
It's on the first of each month.
A member of SkyWorld | Former member of "old" Azure
YoshiCraft2011 YouTube channel
#2K11 blog
If you'd like a livery designed, feel free to PM me.
--Yoshi
#5
Posted 13 March 2014 - 01:31 AM
Here's the deal. I have a bond out. My money's positive until the day I have to pay. The next day, there's a "missed payment" notice. What can I do to prevent this from happening again?
Make sure that you have enough money to make all your payments.
Before you spend money for something, go through and estimate how much money you will have to pay through the end of the month (lease payments, gates, payroll, maintenance, interest payments, etc). Then project how much money you will make through end of month (Daily Operating profit X number of days left in month). Add your projected income to your cash on hand, subtract your total estimated expenses. Now you know about how much money you have to use for leasing new planes. Also try to build a cushion of cash into your calculations just in case your math is a little off.
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