The best way to manage your money is to keep a close eye on it in the first place. That's why it's important to track your spending, so you can see where you're being too frugal or too generous. Take a look at these tips for better cash flow management:

Take a look at your spending and make some cuts

Budgeting is a strategy that helps you understand how much money you actually have to spend. It's not just about paying bills, it's also about understanding where your money is going. Once you know what your expenses are, it's much easier to make decisions about them.

You can start by making a list of all the recurring expenses in your life and adding them up (rent/mortgage; utilities; car payments or insurance plus maintenance costs; student loans or credit card debt). 

Then add up all of your monthly income from all sources: paychecks, alimony checks, child support checks and tax refunds (or other government benefits). Subtract the total amount of recurring expenses from the total monthly income to get an idea of how much extra cash will be left over at the end of each month for discretionary spending like eating out or entertainment.

Next decide how much money each week—or even day—you want available for discretionary purchases so that when those occasions arise (like happy hour at the bar with friends), there won't be any financial stress involved if they run late into Saturday night.

Once you have these figures arrived at through careful budgeting techniques outlined above, then take a look at where else in your budget some cuts could be made as well.

Build an emergency fund

The first step in managing your personal cash flow is to build a solid emergency fund. The purpose of an emergency fund is to have money available for unexpected expenses, such as when you lose your job or get sick. The amount of money saved should be based on how much you make and what your other financial obligations are, but it should be at least enough to cover six months' worth of living expenses if possible (this can help protect against job loss).

If you need the funds sooner than six months from now, consider setting up a separate savings account so that you have easy access to them in case of an emergency without having to worry about penalties or high-interest rates on debts. You can also look into instant cash loans if this option fits into your budget better than saving over time. 

However, keep in mind that these types of loans usually come with higher interest rates than other types of debt products like credit cards or mortgages which makes them less desirable overall since they will end up costing more money over time due to all those extra charges being added onto what's owed each month.

Consider opening a side hustle to bring in more income

Perhaps you're not making enough money and need to find a side hustle. Side hustles have become more popular as our economy has become increasingly unstable; many people are now seeking out additional sources of income.

Side hustles can be anything from baking cakes for people's birthdays to doing freelance writing for magazines. Maybe you've always been drawn to the idea of making jewellery or being a massage therapist at night. It may take some time before your side hustle becomes profitable, but the good news is that once it does, you'll be able to use this extra cash flow to pay down debt, save up for retirement, or even quit your day job.


When it comes to personal cash flow, you have to be prepared for anything. There are so many factors that can affect how much money you have at any given time and how quickly you'll be able to access it. You need to make sure you're prepared for all of them.