Technology is an always-changing phenomenon.
Nowadays we have the ability to deposit pictures of checks, pay with the wave of a wrist band, and email money back and forth.
Conducting personal business by setting foot in a bank or paying your bills through the mail continues to be useful in many situations – but it can also be automated to save you time, money, and even frustration.
Being sure of accuracy and saving time are the two greatest benefits of automating your finances.
People love to complain about their excuses for not wanting to pay attention to their financial situation: It takes too long, it’s too complicated, my money is going in too many directions, and I can’t possibly track my spending.
Excuses are for suckers. Learning about technology and financial automation can be a little confusing at first, but it’s rewards are worth the time and effort to master.
Find Financial Software You’re Comfortable With
Whether it’s Manilla, Mint, or Quicken personal finance software, it’s important to research some different options and pick a budget application that you feel comfortable using. After all, if you hate using it and you never fully understand how it works, you aren’t going to use it.
Budgeting software gives you a better chance of accuracy when compared to balancing your checkbook, writing your budget in a spiral notebook, or even using a standalone spreadsheet.
Using financial software, you will see where all of your money is coming in and going out. You can also see all of your bills in one location and set up payment reminders, ensuring you aren’t leaving anything out and being absolutely certain payments are made on time – every time.
Automating Bill Pay
This step might make some readers’ skin crawl – but setting up your recurring monthly bills to be paid automatically can make thing run so much smoother. But if you’re hesitant to make this leap, I don’t blame you.
It took me a while to trust the automated bill pay setup. But once I made the jump, I immediately began reaping the benefits.
Some people automate bill pay from one single online location – usually their bank. Others like using various sites to handle all of their action; like using their credit card’s website to pay their credit card bill, using their cable supplier’s website to automate their cable bill, and so on.
Which ever method you decide to follow, the important thing is that you’ve begun the automation process.
Don’t Ignore Your Emails
In this technology-driven age, people are easily overrun with email messages in their inbox. After all, why should you have to fork over your email address to buy a cup of fancy frozen yogurt or buy a package of batteries?
When you make the decision to automate your finances, you must resist the urge to ignore the emails that you receive notifying you of your financial status.
For starters, you should take some time to make adjustments to your settings and preferences so that you don’t receive an email for every small little insignificant detail. It’s smart to get notified about large purchases and payment reminders.
But it’s also good to set up your account to let you know when money has entered and left your various accounts.
Just remember, in the middle of all of this automation and email notification, you cannot become so burdened by emails that you begin to ignore your finances. After all, automation is supposed to help clear up your financial landscape, not make is overgrown with weeds.