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how big should your warchest be?

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    #51
    Originally posted by d000hg View Post
    I don't explicitly keep a separate warchest. Do others view it has how many months their Ltd could continue to pay salary/dividends without any income?
    I suppose I think about it as how many months I could live without work. So, with PC, that's five minutes after he's canned. With everyone else, they probably have some combination of money in their company and money in their personal accounts and the composition of those two things doesn't really matter, except the former is not yet fully taxed.

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      #52
      Originally posted by d000hg View Post
      I don't explicitly keep a separate warchest. Do others view it has how many months their Ltd could continue to pay salary/dividends without any income?
      I don't have a separate stash marked 'rainy day fund'. I just have cash in personal and business accounts that could be called into action if needed. Most is in notice accounts so I'd have to plan to withdraw it.

      I'd draw on personal first, as it's been taxed, then draw down on company funds if necessary.

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        #53
        That seems reasonable, I only ask as I've seen people be quite militant "if it's in your savings accounts it's not your warchest" and wondered if that was a common view. I can't be bothered to have specific buckets for different things.
        Originally posted by MaryPoppins
        I'd still not breastfeed a nazi
        Originally posted by vetran
        Urine is quite nourishing

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          #54

          Originally posted by d000hg View Post
          That seems reasonable, I only ask as I've seen people be quite militant "if it's in your savings accounts it's not your warchest" and wondered if that was a common view. I can't be bothered to have specific buckets for different things.
          why would anyone be militant about other people's choices?

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            #55
            Originally posted by lorakeen View Post


            why would anyone be militant about other people's choices?
            You don't read your own posts, do you?
            {emotionless greeting}

            Three Word Slogan

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              #56

              Originally posted by WTFH View Post

              You don't read your own posts, do you?
              how so?
              One has the right to be militant about other people's choices that affect them.
              Being argumentative on someone's chocies that have no link with yourself is a different kettle of fish.
              Do I need to elaborate?

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                #57
                Originally posted by d000hg View Post
                That seems reasonable, I only ask as I've seen people be quite militant "if it's in your savings accounts it's not your warchest" and wondered if that was a common view. I can't be bothered to have specific buckets for different things.
                I'm the same as Muck - it's basically the money I could get to if I needed to. Most of it is just sat as accrued profit, some of it is invested

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                  #58
                  Originally posted by d000hg View Post
                  That seems reasonable, I only ask as I've seen people be quite militant "if it's in your savings accounts it's not your warchest" and wondered if that was a common view. I can't be bothered to have specific buckets for different things.
                  I count everything as my 'war chest' because, let's face it, if we're out of income we will start to draw down on our savings whichever pot they are in. It's not like someone will spend everything from account A, but then say ... nah, can't touch account B now as that's not my 'war chest', so we'll have to go hungry this week kids!
                  I am what I drink, and I'm a bitter man

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                    #59
                    You store the money wherever its most sensible to do so. Its still a war chest.
                    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

                    I want to see the hand of history on his collar.

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                      #60
                      Originally posted by Whorty View Post

                      I count everything as my 'war chest' because, let's face it, if we're out of income we will start to draw down on our savings whichever pot they are in. It's not like someone will spend everything from account A, but then say ... nah, can't touch account B now as that's not my 'war chest', so we'll have to go hungry this week kids!
                      Kids? oh you mean female friends!
                      "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

                      I want to see the hand of history on his collar.

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