8 Ways to Automate Your Finances

One of the best ways to combat a lackluster decision-making process is to remove any need to make a decision. That’s where automation comes in.

You’re busy. Luckily, you don’t have to spend much time on financial chores compared to what was needed in the past. Nearly every step can be automated.

Here are some steps you can take to automate your financial life and help you reach your goals of financial freedom.

8 Ways to Automate Your Finances

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Put your paychecks on automatic deposit. Most people have been doing this for years. If you haven’t, get with the program.

# 1 Automatic Paycheck Deposit

Put your investments on autopilot. You can have your 401K/profit-sharing plan contributions automatically deducted from your paycheck before you ever see it. IRA contributions can also be taken out of your checking account each month automatically.

# 2 Automatic Investing

Get a checking account that allows you to deposit at home.  Any physical checks I receive are scanned at home and deposited directly into my checking account on my bank’s website. 

# 3 Deposit Checks at Home

The best part for me is that I never need much cash. Neither my wife nor I have visited an ATM in the last 3 months, and it has been years since I set foot inside a bank.

# 4 Use Credit Cards Instead of Cash

Pay your kid’s allowance with automatic transfers. Again, saves a trip to the ATM each month. Your bank’s bill pay function can be used for this if needed.

# 5 Automatic Transfers/Bill Pay

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