LThe Life Starter
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Lesson 2 of 6
Money · Guided lesson

Stabilize cash flow and minimums

Prevent late fees, service loss, and fresh borrowing before accelerating payoff.

About 30 minutes Finish with a concrete deliverable
Khan AcademyDebt PayoffYouTube
Course primer

Debt Payoff

From Khan Academy. Watch here or open it on YouTube .

During the course primer, listen for ideas that change how you approach “Stabilize cash flow and minimums.” Pause once to capture a useful point, then apply it while producing a 30-day cash-flow calendar that funds essentials, a starter buffer, and every feasible minimum payment.
Before you begin

What this lesson is really solving.

Prevent late fees, service loss, and fresh borrowing before accelerating payoff. This is lesson 2 because later decisions depend on a 30-day cash-flow calendar that funds essentials, a starter buffer, and every feasible minimum payment. First stop the boat from taking on water; then row faster. Use your own numbers, files, environment, and constraints so the result survives outside the course.

Why this works

Understand the idea before touching the steps.

First stop the boat from taking on water; then row faster.

Do this

Follow these steps in order.

Take the action in each step; then use the deliverable below to prove the lesson is finished.

  1. 1

    List essential living costs and income by actual date, not just monthly totals.

  2. 2

    Place every contractual minimum on a bill calendar with processing buffers and low-balance alerts.

  3. 3

    Pause optional charges, stop using paid-down credit as spending room, and choose a small emergency floor appropriate to likely near-term shocks.

  4. 4

    If minimums do not fit, contact creditors early and seek a reputable nonprofit credit counselor before moving money from protected essentials.

Worked example

See the standard in context.

Jordan moves two due dates closer to payday, cancels three unused subscriptions, and keeps a $500 repair buffer instead of applying the entire checking balance to debt. The learner saves a 30-day cash-flow calendar that funds essentials, a starter buffer, and every feasible minimum payment and notes the evidence or assumption behind the choice so it can be reviewed and improved later.

Quality check

Inspect before you move on.

  • The finished work visibly includes a 30-day cash-flow calendar that funds essentials, a starter buffer, and every feasible minimum payment.
  • You tested the work against this common failure: Sending all available cash to one card while rent, utilities, insurance, or another required minimum becomes late.
  • Another person could verify this mastery standard: You can identify the lowest-balance day of the month and show which funds cover every payment before it clears.
Make it real

Your deliverable

A 30-day cash-flow calendar that funds essentials, a starter buffer, and every feasible minimum payment.

Common mistake

Watch for this

Sending all available cash to one card while rent, utilities, insurance, or another required minimum becomes late.

You’re ready when

Prove it—don’t just recognize it.

You can identify the lowest-balance day of the month and show which funds cover every payment before it clears.

Objective evidence · 3 questions

Quick knowledge check

Answer from the lesson—not from confidence alone. Score at least 2 of 3 to unlock completion.

Not yet passed

This curriculum-aligned check is scored automatically and stored with your account when signed in. It is an objective learning signal, but it has not yet been independently validated as a standardized assessment.

1Which action belongs in the recommended process for “Stabilize cash flow and minimums”?
2Which result is the clearest evidence that this lesson’s work is complete?
3Which choice matches the failure this lesson specifically warns against?
0 of 3 answeredEach question measures the action, evidence, or failure condition taught above.
Useful for this course

Tools, templates, and references

Debt cash-flow calculatorTest the monthly cushion available for minimums, buffer, and the next extra payment.
Debt-control workspaceUse the editable tracker and planning sheets in the Excel toolkit.
Check current detailsReferences reviewed September 9, 2026. Lesson exercises are editorial synthesis; official rules come from the linked sources.
Consumer.gov — Debt explainedConsumer.gov — Getting help with debt
2
One check remains

Pass the knowledge check above first.

Completion unlocks after a score of 2 out of 3. Then confirm that you produced the lesson deliverable.

Go to the knowledge check