Personal finance can get boring at times and everyone goes through stages. So what do you when it gets boring? You make sure that you don’t have to deal (make it automatic) with the boring stuff anymore so you can focus on the interesting aspects.
For me, the boring part has been managing the day to day and month to month bills and the interesting part is earning more money on my new projects.
I usually have my credit card bills sent directly to my checking account, where I would manually select the amount I want to pay and hit send. It was an extra step designed to prevent the credit card company from charging me whenever they wanted, but it ended up making me crazy. After a few years of not actually looking at the bill and selecting the amount, it got quite tedious and annoying.
Now I realize that the setup I had was actually frustrating me and not letting me get on with my life. It was stressing me out and eventually I was going to forget to schedule the payment and I was going to regret it.
Now It’s Automatic
Now, I have set the credit cards to pay the full balance due automatically. I’ve never missed a credit card payment, and this setup will ensure that I never will. No more worrying, no more questioning whether or not I’ve scheduled the month’s payment. And now, I can spend less time stressing and more time working on my goals.
When you don’t make things automatic, you run the risk of missing your bills, but the main reason to pay manually is so that you check over the bill for any unexpected charges. There are other ways of keeping track of your financial life, I check mint.com regularly so by the time the credit card bill comes around, there aren’t any surprises anyway.
Readers, do you automate your finances or do you handle everything manually so you are aware of all your spending habits?