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Finances in 55: Automating Your Finances
Posted By Miranda On 09/12/2011 @ 12:21 pm In Personal Finance | 5 Comments
One of the ways you can streamline your finances is to automate them so that you don’t have to worry about paying bills and transferring money into your savings account. Many people enjoy having their finances on automatic, since it means fewer things to worry about. Plus, with your money automated, you can go on vacation without fear, knowing that your bills will be paid and money will continue to be moved to your savings account, without effort on your part.
The actual process of automating your finances takes significantly more than a minute. However, you can sketch out your needs, and put together a plan for automating your finances, in 55 seconds or less:
Once you have the basics figured out, you can make a plan for automating your finances. You can create a financial network map  that provides you with a visual of where your money is, and where you want it to go to aid you in your efforts.
Remember, though, that automating your finances isn’t a solution  if you have difficulty making ends meet. All those automatic withdrawals and debits can become a problem if you consistently drain your main account. Additionally, automation shouldn’t be an excuse to stop keeping track of your spending. Use personal finance software  or a web app to record transactions. You can program in your automatic bills so that are reflected, up to date, in your software.
For those who are already financially organized, automation can be a great help. I worry a lot less about making sure my bills are being paid, since it’s mostly automatic. I know my money is moving through my personal economy the way it should, and it’s one less thing to worry about.
(Photo: Leo Reynolds )
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 directly deposited: http://www.bargaineering.com/articles/direct-deposit-saves-you-money.html
 financial network map: http://www.bargaineering.com/articles/financial-network-map.html
 automating your finances isn’t a solution: http://www.bargaineering.com/articles/automating-your-finances-is-an-expensive-mistake.html
 personal finance software: http://www.bargaineering.com/articles/your-take-do-you-use-online-personal-finance-tools.html
 Leo Reynolds: http://www.flickr.com/photos/lwr/241471902/
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