4 Ways To Automate Your Money TODAY // Personal Finance Simplified for Those Who Don't Like It

In this video, we tackle the simplification of personal finance through automating your money! The points I make in here are especially helpful for those who get easily overwhelmed by the work it takes to keep up with their finances.

Let's simplify your money!

Here are the major things I believe you can automate in your personal finances:

1. Autopay

This is one that will by itself reduce the stress you experience with your finances by a huge amount! We literally don't initiate any bill payments every month because every single bill we have is set up on AutoPay. You can do this either through your card, or you can set up ACH transfers from your bank.

If the bill you have doesn't have the option of autopay, you can many times have your bank cut a check and send it to the company on your behalf. And at the same time every month.

2. Automate your Investing

American's don't save enough for retirement. According to Investopedia, people in their sixties on average have only $182k saved in their 401ks! So automating your investing is vital to making your finances easier. You can do this by signing up for your employer retirement account like a 401k or a TSP.

3. Automate your Budget

Automating your budget is as simple as using an app that makes it easy to set up each budget for each new month. EveryDollar, YNAB, and Mint all do this.

On top of this, when you link your bank account with your budget, as transactions are made, you can just drag and drop each transaction into the budget category you want. It makes expense tracking far easier!

4. Automate Transfers to Designated Bank Accounts

This will help you save for specific things by moving money automatically into another bank account. Think saving for a vacation as an example.

Bonus: Use a Debit Card Instead of a Credit Card

If you use a debit card instead of credit, it makes it easier to know exactly what you have in your bank account!

Timestamps:
0:00 - Intro
0:26 - Why Simplifying Your Money is So Important
1:16 - 1. AutoPay
2:03 - 2. Automate Your Investing
2:42 - 3. Automate Budgeting
3:40 - 4. Automate Transfers
4:21 - Sponsor: Kittens
4:43 - Simplify by Using Debit Instead of Credit
5:33 - Wrap up

#automation #simplifymoney #personalfinance

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What's one way to improve your finances today? Get started on a budget! There is so much freedom in a budget which makes me excited to teach about it. Financial education is the beginning of making your financial goals come to life. But action is what will actually make them happen. Congratulations on taking the first step!

⚡️DISCLAIMER⚡️
Do your own research. My content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional financial advisor when considering your retirement options. Though I teach financial principals, I am not an investment advisor and none of my advice constitutes legal, tax, or investment as a professional. Everything I share is based on my own research and is intended for your benefit.

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[CalebBaleFinance]

What are some ways you make your finances easier to manage? Drop them down below!

[andBroke]

I make my finances easier by automating most of them. Also by looking over my budget pretty regularly. And by getting better at that zero based budget!

[WealthBuildersInvest]

That cat is so cute!!! This is an awesome video, I was looking forward to it! I like how you gave the brain example, and how money really should not be complicated or we zone out :D

[TheFinancialMinute]

I do the automatic transfer. Try to max out Me and my wife's whenever possible! Roth not a 401k that is. Cool video and sponsor 😎 👌 😀 👍

[DebtFreeDad]

All good points and that cat is cute until it decides to kill you lol ijs.

[NatePolmateer]

Great video its almost like we collaborated this week lol videos are so close on topic. Great minds think alike! Im going to be using mint budget until the end of the year to see how it works. 😀