Cash Flow Basics
What does “cash flow” mean?
The movement of money in and out
What system do we use to view and pay dues?
Billhighway
What day are dues due each month?
The 10th
What is the new consolidated fee called?
National Obligation Fee
What is a budget?
A plan for how you will spend your money
If more money goes out than comes in, what happens?
Negative cash flow / you lose money
What feature helps prevent missed payments?
Autopay
What happens if payment is missed?
Late fee applied automatically.
How many times per year does it occur
2
What is the difference between a fixed expense and a variable expense?
Fixed = same each month, Variable = changes
Is cash flow the same as how much money you have total?
No
Where do you go to add a payment method?
Make my payment/ Payment settings
How many billing months are in fall?
How many billing months are in spring?
5
4
Why will it look like this new fee is more expensive?
Because it combines things such as future fee into one big fee
Is dues a fixed or variable expense?
Fixed
Name one way to improve your cash flow.
Budgeting, reducing expenses, increasing income, planning ahead.
Why is it risky to rely on reminders instead of autopay?
You could forget, miss the deadline, and incur automatic late fees.
Why can consistently missing the due date affect more than just your personal account?
Because it impacts chapter financial stability and national obligations.
Why does consolidating fees into one obligation reduce confusion?
Because members no longer have to track multiple separate charges.
Why should you budget for dues before shopping or social spending?
Because it’s a required/priority expense.
If dues are a fixed expense and you fail to include them in your monthly budget, how does that affect your cash flow?
It creates negative cash flow or financial stress because you didn’t plan for a required expense.
Why is autopay considered a financial planning tool rather than just a convenience feature?
Because it ensures required expenses are prioritized automatically, helping maintain positive cash flow and avoid penalties.
Why are late fees automatic instead of manually applied?
To ensure fairness, consistency, and financial accountability across all members.
How does consistent planning for the National Obligation Fee strengthen the chapter as a whole?
It ensures financial stability, fairness, and the ability to meet national obligations on time.
How does treating dues as a “non-negotiable” category improve overall financial stability?
It protects required obligations first, preventing stress and penalties.