5 Ways to Use Extra Cash Flow

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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What do you do with extra cash flow after paying down your student loans, car payments, or mortgage? Read on!

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5 Ways to Use Extra Cash Flow

One of our first moves with our extra cash flow will be to increase our emergency fund to a five or six month emergency fund.

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Giving more to charity may mean giving your time or services to those who need it.

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Increasing your WAR (Wealth Accumulation Rate) is another option for your extra cash flow.

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What if you paid two mortgage payments per month instead of just one? You might find that your mortgage will be gone in only 10-15 years, if you have a 30 year mortgage.

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If you do decide to find a good use for spending, I recommend that you spend it on experiences (rather than things).

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After you put in the hard work to destroy your debt, you have a lot of options for your extra cash flow. Where you put it is up to you.

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There are many options, though I do encourage you to enjoy some of it. Our first step will be to increase our emergency fund and increase our charitable giving.

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5 Ways to Use Extra Cash Flow

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.

What do you do with extra cash flow after paying down your student loans, car payments, or mortgage? Read on!

5 Ways to Use Extra Cash Flow

One of our first moves with our extra cash flow will be to increase our emergency fund to a five or six month emergency fund.

Increase Your Emergency Fund

Giving more to charity may mean giving your time or services to those who need it.

Give More Money to Charity

Increasing your WAR (Wealth Accumulation Rate) is another option for your extra cash flow.

Increase Your Savings Rate

What if you paid two mortgage payments per month instead of just one? You might find that your mortgage will be gone in only 10-15 years, if you have a 30 year mortgage.

Pay Off the Mortgage

If you do decide to find a good use for spending, I recommend that you spend it on experiences (rather than things).

Buy More Experiences

After you put in the hard work to destroy your debt, you have a lot of options for your extra cash flow. Where you put it is up to you.

Take Home

There are many options, though I do encourage you to enjoy some of it. Our first step will be to increase our emergency fund and increase our charitable giving.

Take Home

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