7 Ways to Increase Your Personal Cash Flow

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Sometimes, you want to increase your cash flow to make more money, so go through these seven ideas. Each one will let you make money and cover your expenses.

simplify your lifestyle
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Making enough money to survive remains a difficult challenge for Americans. As they pay for rent, living expenses, and similar payments, they must find ways to make more money

Since the average household made around 67,521 dollars in 2020, some people struggle to make enough money. However, plenty of people make less money, so you may wonder how you can make more money.

Luckily, we have seven tips to increase personal cash flow and how to get you started.

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How to increase cash flow

1. Start an online business

Online businesses work well since they let you make more money while offering multiple benefits.

  • You can work when you feel like it.
  • You don’t have to worry about a boss telling you how to run the business.
  • You can expand the business if it grows and succeeds.

If you plan to start your online business, you need to identify a market for you. For example, you may create a clothing business, one where you produce music and similar services. 

Then, it comes down to figuring out what will make you money and maintain your interest.  After all, if you don’t feel interested in your business, you won’t feel motivated to keep it going.

Instead, you need to find a company you want to stick with and improve. You can also talk with others and establish business relationships to help you succeed.

Following these points will help you grow your business, so you make more money to improve your monthly cash flow.

2. Slash your expenses

You need to slash your expenses if you plan to improve your cash flow. Cutting your costs refers to reducing what you spend money on, so you save more money at the end of the month.

People like to take multiple approaches to help them slash their expenses and improve their cash flow.

  • They find a cheaper place to live, so they don’t need to pay as much.
  • They lower non-essential expenses such as eating out or purchasing expensive clothes.
  • They identify ways to cut utility bills by using less electricity or water.

If you run a business, you can also cut down on your business expenses to help you make more money. Either that or you need to boost your profits to make up for any necessary business expenses you need to cover.

You can always look through your current expenses to see where you can cut down on your costs. However, make sure you also prioritize your expenses to determine which ones you can cut back on without putting yourself in a difficult position.

3. Start a Side Hustle

As you seek more money, you can always pick out a side hustle to help you out. Side hustles involve alternate ways to make money aside from your primary job. 

For example, some people offer commissions online to pick up work and make their commissions as they receive requests.  You can look into more options if you want to make money through a side hustle.

  • You can walk dogs in your local area.
  • You can sell clothes or old belongings to people.
  • You can work as an online tutor based on one of your skills.

Consider your skills and hobbies if you don’t know what to choose. Sometimes, you can make money in unexpected ways. For example, some people make money by uploading videos or streaming themselves playing video games.

Most hobbies offer some industry for making money, so brainstorm and consider your options. You just need to get creative and think about the possibilities to see which options will help you make money.

Don’t overlook your hobbies or passions since they can lead to cash.

4. Ask for a raise

Though it seems like a simple solution, people tend to overlook asking for a raise. However, depending on where you work, you could look into a raise to see if you can make more money to increase your cash flow.

If you plan to ask for a raise, make sure you put yourself in a position to make more money. For example, you need to work hard and become a valuable worker.

Doing so will place you in a position to bargain for a raise since your employer wants to keep you around.  Sometimes, employers won’t offer a raise unless their employees ask for one, so you may need to take the initiative.

However, some businesses offer raises based on your performance, so see if your work offers such raises, so you don’t need to ask.  Remember, if you ask for a raise, your boss could say no, but you won’t face any problems.

You don’t need to worry about asking if you don’t push too hard or come across as rude. Simply ask the question and see if you have opportunities to make more money.

5. Simplify your lifestyle

You can also lower your costs if you simplify your lifestyle. Unfortunately, some people develop expensive lifestyles where they feel the need to spend tons of money, so make sure to avoid such a thought process.

Doing so could affect your cash flow and cause you to get less money.  For example, if you tend to purchase expensive jewelry, do your best to cut back on how much you buy at a time.

Doing so can help you save money while making your lifestyle simpler.  The same applies to technology and similar purchases where you don’t need to buy as much.

For example, some people simplify their lifestyles by transitioning from working out at a gym to working from home. Others may give up subscriptions, so they cut back on monthly expenses.

It comes down to seeing what you do with your lifestyle and what you can change. The process varies between people, so you must think about your situation and act accordingly to help your cash flow.

6. Consolidate your debt

As you go through life, you need to enter debt at times. For example, you may get a mortgage to pay for your home or a car loan if you need a vehicle.

In addition, some people may develop student debt, so they must pay off the money when possible.  Focus on paying off your debt since doing so will prevent you from saving as much money. 

While you can’t remove debt immediately, you can focus on it and do your best to pay it off as quickly as you can.  You may have minimum payments to make, but you must focus on paying off the debt quickly.

You can save more money as you pay off your debt, so focus on it. That way, the interest will drop, so you don’t lose as much money.

You could review refinancing options to get lower interest rates if you have debt. Doing so allows you to save money through the lower rates while transitioning to a better debt.

7. Create a monthly budget

Sometimes, you can’t figure out ways to lower your expenses since you don’t know where your money goes. If you are in this predicament, create a monthly budget to help you with your finances.

Monthly budgets let you see how much money you make and where you spend it. First, keep track of your spending and see how much money you have when the month ends.

If you meet your goals, you don’t need to make any changes. However, you can adjust your budget if your cash flow doesn’t meet your expectations.

You should double-check where you spend your money and accommodate your budget based on what you want to change.  Don’t worry if your budget doesn’t meet your expectations on the first try.

Most people must adjust their budgets for a while until they find the sweet spot for their money. However, if you can’t get your budget in order, see if you can talk with a friend for some assistance.

Next Steps

Increasing personal cash flow will help you tackle your expenses and make enough money for your needs. Each of the ideas above will help you make more money and seek higher pay to place yourself in a financially comfortable position.

Make sure you look through the ideas above and apply them to get started with your cash flow.


If you want to look into the importance of personal cash flow, read through these frequently asked questions (FAQ's) for some answers.

What is cash flow?

Cash flow refers to the money you make through your work, business, or gigs after expenses. For example, most people receive salaries or hourly rates for their cash flow.

Once you add the money, you must deduct your costs to determine your cash flow.

Why is personal cash flow important?

Personal cash flow matters since it shows you how much money you save. Knowing how much money you get, you can make financial decisions based on the information.

It also helps you see how much money you make each month.

How do you calculate personal cash flow?

To calculate personal cash flow, you need to add up the money you make in a period. For example, you can choose weekly, monthly, or yearly personal cash flow.

Once you add it, you need to deduct your spent money to see how much you have left over each month.


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I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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