5 Ways to Use Extra Cash Flow

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Cash flow is is simply the amount of money you have coming into your household on a regular basis. Ideally, cash flow in exceeds cash flow out, and you’ve got extra cash flow.

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Once you’ve met your investing goals, paid yourself first (or last), and met your debt obligations, what should you do with additional funds?

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Dr. James Turner has some ideas. Now that he and his wife have paid off many of their debts in short order, they share what they are doing with the newfound excess cash flow.

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5 Ways to Use Extra Cash Flow

1. Increase Your Emergency Fund

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2. Give More Money to Charity

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3. Increase Your Savings Rate

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