Automating some of your finances can be incredibly convenient and is a great way to save time, but automating everything makes it too easy to go on autopilot and forget to pay attention to your personal finances.
From Alexa Von Tobel
I always encourage people to pay themselves first, so I really advocate setting up direct deposit for your paycheck and establishing an automatic transfer so that part of each paycheck goes straight into your savings account.
There is no denying that auto-bill pay is easier and more convenient than keeping track of and remembering to pay all of your bills each month, so it makes sense to use it for fixed expenses that you have approved and that you're 100% comfortable with.
Make the most of online banking to make your life easier and keep your finances organized. Online banking is great because it offers quick, easy, 24-hour access to your checking and savings accounts.
There are many random, unprotected sites online that appear safe to use and are ready to accept credit card information. You wouldn't give a stranger off the street your credit card information, so be extra cautious about who you are sharing it with online.
The best advice that I can offer is that being proactive and a careful planner is key. Think about the major things that could shake up your financial life, and I'll bet there are some great ways to protect yourself.
Investing in renter's insurance is hugely worthwhile. It protects you from a whole load of financial pitfalls around your home. Your home should be the center of your sense of security - not the cause of you losing financial security.
Losing your job is terrifying, but being prepared makes it so much easier.
Know the difference between your necessary and discretionary expenses.
The most common reason new mothers return to work sooner than they'd like to is because they can't afford to go without their salaries any longer.
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