Successful Cash Flow Management

In your personal or business life, it takes money to survive: cash to pay your bills, employees, vendors, etc. It's important to analyze your cash flow management, making sure it stays stable and never becomes negative.

Cash flow management is a process of examining and evaluating your personal or small business' cash flow in and out of your bank account. By accomplishing this successfully you will be able to pay the bills and keep your financial life on track.

Below are some tips on how to keep more cash for a longer time:

• Periodically re-evaluate your expenses.
• Use credit responsibly.
• Watch out for hidden fees.
• Buy in bulk.
• If you have a business, give special consideration to your customers who pay early and in full.
• Invest in growth of yourself and your business.

Resource: Dr. Rachna D. Jain, Cash Flow Management

Local Resources

• Charter Bank
• Dollar Bank
• Fifth Third Bank
• Huntington Bank
• Key Bank
• National City Bank

National and Sate Resources

• A Basic Lesson in Cash Flow Management
• Cash Management: Seeing Around the Bend
• How to Better Manage Your Cash Flow?

Support for MoneyWatch is made possible by Charter One Foundation. Research assistance for MoneyWatch is from Cleveland State University Nance College of Business Administration