I had two challenges: 1. Affording a standing order (SO)since I do not have a regular income and 2. Finding the easiest method of paying each month since I have no credit card. Here is what I did:
1. I set aside about three months of SO money from a project that I worked on.
2. I got my friend's permission to use her credit card so I prepaid my friend's credit card which I now use to honor my SO commitment. I will keep doing that until I find a better way.
3. I give more than the amount of money required for the SO because I understand that my friend is taking a risk even though she knows that I am trustworthy. Encouragement sweetens labor. We have also agreed that she can make use of the funds until I am ready for them so it has turned out to be a nice win-win situation.
There are other alternatives available to pay for purchases but I think using a credit card is the best, in my opinion.
We have to think outside the box to grow our business. I am glad that I did as I am reaping the benefits.
Note though, that my friend and I had already established a friendship based on trust.
I had two challenges: 1. Affording a standing order (SO)since I do not have a regular income and 2. Finding the easiest method of paying each month since I have no credit card. Here is what I did:
1. I set aside about three months of SO money from a project that I worked on.
2. I got my friend's permission to use her credit card so I prepaid my friend's credit card which I now use to honor my SO commitment. I will keep doing that until I find a better way.
3. I give more than the amount ...more
