5 Financial Resolutions to Improve Your Cash Flow

5 Financial Resolutions to Improve Your Cash Flow

By improving your cash flow — the money that comes in as income and goes out for expenses — you could end 2021 wealthier than you entered it. Here are a few ideas to get started.

1. Simplify
When your finances are simple and streamlined, it’s easier to stay on top of them — and easier to make improvements to your cash flow.

2. Earn more
Increasing the money coming into your household is one way to improve cash flow. Is there a way you could boost your income? Perhaps you could work some extra hours in your current job. Start a hobby side hustle or do a little moonlighting as an independent contractor. Or maybe you have unwanted items lying around that you could sell.

3. Trim creeping costs
Cutting costs is the other way to improve cash flow. An easy way to do it is to identify expenditures you can slash without missing out. For example, shop around for better rates on home and auto insurance and communications services (cable, internet, wireless). Get rid of subscriptions such as gym memberships, software or publications you no longer use.

4. Turn off temptations
It’s hard to save when the temptation to spend is all around you. If you’re a sale shopper, unsubscribe to retail emails. If you’re an impulse shopper, avoid the mall. If you’re spending too much ordering dinner, recycle the flyers and delete your home delivery apps to make it less a habit of convenience and more of a conscious choice.

5. Start saving
If you’re not saving, or not saving as much as you’d like, the fresh new year is a good time to start. Set a goal for the year and break it down into smaller goals. For example, if your goal is $1,500, that’s just $125 each month. Get competitive with yourself — or each other, if you’re a couple — and find ways to reduce expenses to reach each month’s goal.

24 thoughts on “5 Financial Resolutions to Improve Your Cash Flow

  1. cs:go skin bet website 2024 says:

    I think this is one of the most significant information for me. And i’m glad reading your article. But want to remark on few general things, The website style is perfect, the articles is really nice : D. Good job, cheers

  2. hot fiesta играть says:

    Hmm it seems like your website ate my first comment (it was extremely long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog blogger but I’m still new to the whole thing. Do you have any suggestions for beginner blog writers? I’d certainly appreciate it.

  3. Теннис онлайн says:

    I am extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you customize it yourself? Either way keep up the nice quality writing, it’s rare to see a nice blog like this one nowadays.

  4. sexy gaming says:

    255247 626100Oh my goodness! a amazing post dude. Thanks a good deal Nevertheless I will be experiencing trouble with ur rss . Dont know why Not able to sign up for it. Is there everybody acquiring identical rss concern? Anybody who knows kindly respond. Thnkx 37259

  5. their explanation says:

    79060 388590Empathetic for your monstrous inspect, in addition Im just seriously very good as an alternative to Zune, and consequently optimism them, together with the extremely very good critical reviews some other players have documented, will let you determine whether it does not take appropriate choice for you. 961660

Leave a Reply

Your email address will not be published. Required fields are marked *