Increase your cashflow

It pays to increase your cashflow. Always chose to get money more often and put it to use.

Increase Cashflow.


It pays to increase your cashflow. Always chose to get money more often and put it to use.

With these tips, increasing your cashflow won’t cost you a cent. Pick whichever are applicable to your situation and put them into action.

Multiply the benefits further by having all cash flow directly into an offset account against any debt on the mortgage against your own home. If you don’t have a home mortgage, offset your highest-interest-rate investment debt. The sooner more money is in, the more interest is saved.

Negotiate for weekly or fortnightly pay

Ask your employer if you’re able to be paid more frequently.

Have your rental income paid more frequently

Ask your agency if you can increase the payment frequency of rental income disbursments to fortnightly, or even weekly.

Do a PAYG withholding variation

This is one of the best, and most widely known methods of increasing cashflow for investors. You basically calculate what your investment-related tax refund will be for the financial year, then write to the Australian Taxation Office (ATO) who will spread it across your weekly pays, putting a portion of your tax refund in your pocket every week.
How is this worked out? You calculate your estimated losses, and tax refund, and provide this to the ATO. They’ll then instruct your employer to adjust your salary payments accordingly. This tip is a ripper!!
At the time of writing, this can be done through the ATO website only if you’re on a Windows-based computer. Mac users will have to request the printed forms to be mailed to them to be filled out and returned.

Pay everything you can on your credit card

But always pay it off on time. Never pay a cent of interest. By paying for as many expenses as possible on your credit card (providing there’s no fee for using the card), you buy yourself 4-6 weeks interest free. If the money to pay the card off sits in an offset account for that time, it can produce good savings. Remember, it all counts.

Withdraw small amounts of money

Don’t have piles of cash sitting around home or in your wallet. Money is in a state of hibernation when it’s held as cash. It’s not invested, it’s not offsetting, it’s not multiplying, not growing, not leveraging, not earning interest–not doing a thing. So keep as much of your money in non-cash form as possible. It doesn’t hurt in preventing overspending either.

– Steven Ryan