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Calculating your cash flow allows you to identify where your income is coming from and how it is being spent. You can use this data to determine which expenses will affect your future as well as keeping you “cash flow positive”.
There are a variety of options. You could choose to save for an upcoming expense, make additional contributions to your retirement fund, create or add to an emergency fund, or consider a splurging on something fun.
A negative cash flow can signal that you are living a more expensive life than your income can support. Maintaining this habit could lead to additional debt. This is where budgeting can help keep your cash flow under control.
By connecting all your financial accounts on Range, you automatically can see all your expenses and their categories. Recategorize expenses and mark them as recurring to see how you’re spending your money.