Spend less, save more did not even think about it
If you look closely spreadsheets and every purchase you make such a tortured voice to write down ideas, you’re in luck. As technology advances, your least favorite budgets tasks can be automated. Take a moment to properly set up your account, you can make your way to stay in the budget at any time. Read on to learn how to stick to your budget a breeze, even if you’re lazy.
1. Application account to connect to the budget
The best money management application to do all the work yo ur track expenses, create a budget for you. The best part is that you can usually visit at least some of their functions are free of charge.
Budget download the application to your phone, connect all your bank accounts. If you want to be fully automated, which should include your checking account, savings account, credit card account, and you want to pay off any other debts. This way, you can automatically track your spending, savings and debt repayment in one place.
2. Set all your bills on automatic transfer
Next automation settings automatically transfer all of your bills. If you have a credit card, set it to automatically pay off (preferably in full) per month. Many power companies, Internet and phone providers will also allow you to set up automatic payments online.
You may not be able to automatically complete all the bills, but you can, you should set up an automatic transfer as much as possible. This will help you avoid late fees and do not have to lift your due date tracking.
3. Open two free checking account for your money
As the online banks and credit unions, the best checking account can be opened and comprehensive online management, is completely free. You should have two checking accounts, if you want to automate the budget process: one is your paycheck and bills, and spend a
As you set up your paycheck is deposited directly into a checking account, and when you establish an automatic transfer all of your bills, set it fromWith a checking account withdrawal. Your money has a surplus, FIGURË how much money each month assignment as something you want, such as food, gas and entertainment. The amount transferred to your second checking accounts and savings accounts sent to rest. When you leave home, you only need a debit card and your second checking account. You’ll only have access to your money specifically set aside to get through this.
4. Open the high-yield savings account to transfer savings
Speaking account, if you do not have a high-yield savings account, you should. These accounts are often the interest rate is 20 times more than you get from a traditional savings account what higher. The interest on deposits add up over time, help you increase savings, without any extra work.
The BEST high-yield savings account is free and completely online. This means that you can set up a unit in minutes, and you do not have to pay a monthly fee of about fear or meet minimum deposit requirements. In short, you have nothing to lose, a little spare cash to get.
5. Set up automatic deposit your savings account
The last step is to set up automatic deposits to your high-yield savings account, so you save cash is not even thinking about it. How do you build your savings, so you can choose several options to best meet their needs.
You can set up automatic deposits from your checking account to pay your bill after the withdrawal. With this method, you get paid, and then you pay your bills, then you put the money in your savings. Before if you’d rather save the money, you get a chance to spend, though, it is wise to set up automatic deposits from your paycheck. Set a percentage of your salary is deposited directly into your savings account instead of your checking account each month. Finally, if you have a side show, you can set up your side performances from paycheck to your savings account to deposit your regular income into your checking account.
Budget sounds like a pain, but if you have the correct bank account, it can be very easy. With this set it and forget it method of budgeting, you will pay your bills on time, and at any time, save money.