This is one of the top things we’ve learned that have led to paying off over $105,000 of debt so far.
I have everything automated when it comes to money. 👩🏼💻 Less decisions about money, mean less decision fatigue.
Too many decisions leads to poor results. Did you know that?
That’s why automating your food (or meal prepping) helps so much to stick with a diet.
Here’s what I’ve done to automate:
I set my savings up to receive a set amount per month for sinking funds. I set my checking to pay my bills, or credit cards (for the travel hackers out there)! My credit cards automatically pay the entire balance every month. I automatically invest a certain amount into retirement (to get a match) and my HSA as well. I also automate my top debt to whatever the snowball (avalanche) amount is.
Plus I never forget a payment.
It gives me no choice but to be consistent and not say, “oh I’m going to not pay the full credit card amount or not put $800 to sinking funds this month.” It’s a beautiful optimized stress free masterpiece. After all is said and done I have the remaining amount to spend on what was budgeted for. Or pay off more debt.
Who else loves automating their life??!