This significantly reduces any temptations for impulse buys or for you to find ways to justify why you need it so badly this month.īy setting and forgetting about your automated finances, you’ll begin to see your savings and investment accounts grow. Keeping your savings out of sight and out of mind requires additional effort to spend it. The moment your paycheck hits the bank, it should automatically be dispersed into savings and investment accounts, preventing you from ever seeing the money in the first place. This is why it’s recommended that you have separate accounts for your emergency funds and other long term goals from your regular checking account. Even Jocko will give in to temptation at some point. You are only human, and none of us are perfect. I don’t care how much willpower you think you have. And not all of us are as disciplined as Jocko Willink.Īutomating your finances allows us to compensate for lack of discipline. Thanks to technology, you only have to set up automatic payments and savings contributions once.Īnd again, thanks to technology, you can do this from your phone while sitting on the toilet. One of the primary complaints you’ll hear from people is how “time-consuming and complicated” budgeting is. 4 Reasons To Automate Your Finances It Saves Time
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |