Three Financial Moves that Have Helped Me Deal with Cash Flow Issues
In my personal and business life
Most of us have occasional cash flow issues when the amount of money going out just doesn’t quite match the amount of money flowing in. They can happen in our businesses and our personal lives, and there are a few moves we can make to help deal with them, whenever they hit.
Earning More
This might sound over-simplistic, but hear me out. When we have cash flow issues it’s easy to go straight to ways we can economise and save more.
That’s not necessarily a bad idea of course, but I’ve written before about how — for many of us — it’s often actually easier to earn more than it is to spend less.
Cutting costs only works when you’re spending on things you don’t need. Finding a significant amount of money in your monthly budget from cutting costs will only happen if you’re living a pretty extravagant life.
Finding a lot of surplus in your monthly business budget will only happen if you’re running your business inefficiently.
We sometimes overlook the obvious element of our cash flow problems, which is that we simply don’t have enough coming in.
