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Cash Flow Series

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Cash Flow Series

Why should you care about your personal cash flow?

Herconomy
Sep 23, 2022
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Cash Flow Series

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Why should you care about your personal cash flow?

While being cash flow positive (where your expenses don’t exceed your income) is great, you’re basically living pay-cheque to pay-cheque if you don’t have any savings built into your budget. Having an emergency fund is vital, as it’ll give you a cash injection if something major comes up, such as an unexpected repair or medical expense.

Cash flow is also vital when thinking about the future. If you’re able to save money, you can make smarter money decisions in the future. For example, you could purchase things without having to go into debt or try out some investing approaches for beginners.

If you think big picture, being cash flow positive is something you’ll want to be if you plan on buying a home in the near future or achieving financial independence.

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