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.
Sentiment: NEGATIVE
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.
I like the word 'autopilot' more than I like the word 'self-driving.' 'Self-driving' sounds like it's going to do something you don't want it to do. 'Autopilot' is a good thing to have in planes, and we should have it in cars.
Automate your savings so that you have money taken directly from each paycheck and deposited into a 401(k) or other workplace retirement account. If that's not an option, automatically have money transferred out of checking into savings each time you get paid.
The more money Automattic makes, the more we invest into Free and Open Source software that belongs to everybody and services to make that software sing.
If you say you want to automate cars and save people's lives, the skills you need for that aren't taught in any particular discipline. I know - I was interested in working on automating cars when I was a Ph.D. student in 1995.
The thing I have discovered about working with personal finance is that the good news is that it is not rocket science. Personal finance is about 80 percent behavior. It is only about 20 percent head knowledge.
Often, psychological laziness will have you switch your life over to autopilot and fall asleep at the wheel rather than stay awake to what will fulfill your heart's deepest desires and your soul's purpose.
I'm very organized and tidy in my home life and I generally do something myself rather than farm it out to somebody else. I don't have an assistant or anything because I think I can do it myself.
I believe the auto business is a highly comprehensive and complicated business. It's not that easy for people simply to enter and ruin the whole thing.
Put your financial life on autopilot as a form of 'forced' saving.