Boost Your Cash Flow

Earn More Cash With Your Cash

As a business coach, I have picked up a few tips, here is my advice for today which will boost your cash flow.

If you keep your cash balances in a personal or business checking account, upgrade to an interest-earning checking account. Most banks offer them, and if you keep a minimum balance, you won’t have to pay a monthly service charge.

The interest rates for checking accounts aren’t terribly high, but you can earn even more by placing the bulk of your funds into higher-paying options like certificates of deposit (CDs), savings accounts or money market accounts and then transferring money to the checking account a few days before you need it.