To Automate or Not

The internet, apps, and online shopping have transformed the way we spend money. No brainer, right? But do we really consider that we have a choice? Our whole financial life does not have to be digital. Especially, when that hurts us.

But certainly there are definite benefits to automating certain things. Let’s take a look at how the internet and your money can work together.

Direct Deposit

Most employers offer automated direct deposit. Let’s face it, it’s nice. However, you might benefit from getting a tangible check and placing into a bank account. This may help you be more responsible and realize how much money you get. An even better option is to ask your employer if you can split your direct depost and filter some into one account and the rest into another.

Automating Payments

Honestly, I am not a huge fan of this. It’s great so you pay on time and don’t have to worry about it. But what if the money isn’t there? If you don’t check your accounts you’ll never know until you’ve overdrafted. Sometimes manual control of your payments means more planning, but you’ll have a better understanding of your budget.

Online Shopping

Reconsider online shopping, or just do it less. I know, I know. I’m killing your convenient streak. But shopping online really could be what’s killing your budget. Puchasing frequently online opens you up for card fraud, and if an item is not what you thought it would be – it can be difficult to return items you purchased online.

Budgeting Apps

This is the automating you want. 100 percent. This is how the internet should help you. There are tons of resources to help you save cash and manage your money.

Online Statements

Looking at your statements is so helpful. You can see where you spend your money and even categorize what you spend the most on.

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