How great is it to pay your Netflix, gym membership, cable bill and cell phone plan without even thinking? Back in the old days you would have to write a check, buy a stamp, send it out and balance your checkbook. And then repeat this every month! That sounds like so much work compared to modern day payments by automatic bill pay.
I try to automate as much as I can to never miss a bill, always keep my credit above 800 and minimize money related stress. After reading “The Automatic Millionaire” & I Will Teach You to Be Rich (both are highly recommended) I decided to implement automation into saving and investing. It was clear that automation was one of the easiest ways to hold myself accountable and have a plan for any money that comes into my bank account. Automation also does two very important things:
- Pay Yourself First:
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