Creating Cash Flow to Fund Your Personal Emergency Fund or Savings

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Creating Cash Flow to Fund Your Personal Emergency Fund or Savings

8 Easy Ways to Create Quick Cash Flow in your Life

By: Terry Burgess, Midlife Coach for Men

We all have times where we need create cash quickly.  Sometimes you need the cash to pay a medical bill or other immediate need which arises.

The cash could be used to fund your Personal Emergency Fund account which we discussed in our last blog.  If you don’t know what a Personal Emergency Fund account is visit the following website (http://

Whatever your need, this blog post is going to give you several ideals to help you create cash for whatever financial emergency or savings account you may want to fund.  I think you will find one or more ways which will help you to create cash quickly.

  • Make changes to your lifestyle.
    • There are many small changes that you can make to create sources of money in your everyday life. Do you eat out very often?  Try to cut out 1 of 2 meals a day if this will help you save on average $10 to $30 a day.  Take your lunch to work and put that money to your fund.  Do you commute to work?  Look to getting in a carpool or taking public transit. If you join a carpool, you will save both on gas purchases and maintenance in addition to wear and tear on your vehicle.  Look to see if taking public transit to see if it is cheaper per month than what you pay for gas, maintenance, parking, and other money you spend commuting.
  • Reduce/eliminate bad financial and health habits.
    • If you have a daily habit such as purchasing smoking, coffee/lattes, or clothes/shoes, look at the amount you are spending every week or month. Think about what you can do if you reduced or totally eliminated these vices from your life. You can save nearly $100 dollars or more per month to add to your account.
  • Reduce/eliminate book purchases or magazine/newspaper subscriptions. 
    • If you are a lover of the printed word on paper and you spend money on subscriptions look to your public library to see if they have the books available for checkout in print or on electronic methods for free.  I can attest to how this can add up.  When I started requesting items at my local library and using their e-library as well I began to save several hundreds of dollars a year.  I also began to order books that I wanted on my bookshelf via discount websites offering used books.
  • Pay with cash and save your change. 
    • If you pay with cash frequently; I am sure you will have pocket change.   Get a mason jar or large bottle and empty your pockets out every night.  You can then take change roll it yourself and take it to a bank or use a Coinstar machine to get the funds to add to your fund.
  • Cut the Cable. 
    • Do you really need over 200 television channels?  Look at your cable or satellite subscription, investigate if it is cost effective to stream the channels you want via an online service.  Often you can find these streams at nearly 1/3 of the cost of a cable subscription and tailor your channels to your liking and lower the cost.
  • Shop at consignment, overstocked, or used items stores. 
    • You will never know what you will find at these stores.  I know an Assistant Principal at a High School in Tennessee that bargain shops at these stores and you could never tell it.   She regularly finds deals on new, slightly used, or slightly flawed clothing, shoes, and other items to help save on her budget.   Imagine if you bought a slightly used Coach purse for $25.00 and it was regularly $250.  That would be $225 you could put to your funds or other items.
  • Sell your stuff. 
    • Everyone has items that are sitting around our house or office which we do not use any more or are sitting in the attic or basement collecting dust.  Why not have a yard sale or put them online in a Facebook group, eBay, or Amazon as well as other sites to create cash flow.  Remember the Assistant Principal that I just told you about in the last tip, she sells items that she no longer wears or has a use for on a private Facebook group to her friends to help fund additional purchases.
  • Get a second job. 
    • You could always apply and take a second job part-time to create cash. You could also create your own second job by providing services that you already get paid to do on your first job.   A prime example is a carpenter, electrician, plumber, or brick layer who is working full time for a contractor can offer his services in his spare time to do small jobs for home owners who are not skilled in these areas or have the time to do them.

It is my hope I have been able to give you some inspiration to help you find ways to creatively fund your own Personal Emergency Fund or just simply get more cash in your life to pay your expenses.

My next blog will cover how steps to create your monthly budget to help you stay on track and limit the surprise financial emergencies you may face.


Terry is a Personal Leadership and Midlife Coach for Men with Upward MC in Benton, Kentucky.  He can be contacted via e-mail at  or by phone at 270-493-0967. His website can be found at


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