There are five proven ways to help you maximize cash flow.
1. Pay yourself firs.
Set a savings goal – 10% or 15% of your gross income, and have that amount automatically transferred into a savings account every two weeks or half month. It is very important that keep the money there. Don’t make it accessible by ATM.
2. Build up a cash cushion for unexpected expenses.
It is kind of emergency fund. So you don’t have to resort to expensive credit on it.
3 month gross income is a reasonable figure.
3. Simplify your finances by consolidating your accounts in one place.
If your bank knows you are a good customer, it will give you better rates on mortgages, loans and term deposits. Maybe will waive the bank charge or give you a free safer.

4. Simplify your bill payments by making them automatic where possible.
This will help avoid late payment charges. I use another way, which is also proven method. Use a table printed and put it on your desk. The table listed every bill you have, including cable, Internet, Credit Card, etc in column, months by row. When I received the statement, I would like to have a close view, item by item. Just in case there is some error.
5. Look for ways to lower your banking and investing fees.
Some accounts limit the number of fee transactions, while others have minimum balances and ATM fees, which can add up fast.

David Yin

David is a blogger, geek, and web developer — founder of If you like his post, you can say thank you here

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