Be Wealthy & Smart

141: 4 Steps to Automate Your Personal Finances


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Learn the 4 steps to automate your personal finances and the apps and websites to help you. Interview with Jen Turrell from the "Financial Fluency, Speaking the Language of Money" podcast.

Here are the 4 steps:

1. Automate bills at your own bank for free. Batch your bills on the 5th and the 20th.

2. Set up a separate bill pay checking account that is attached to autopay bills. Add up all your regular bill amounts. Live a month ahead and put a month's expenses in there as a buffer. Automate your savings too.

3. Audit your purchases and see if you can cut any subscriptions or impulse buys for your emergency savings account.

4. Turn on automation and make sure all our bills get paid. Monitor your system.

Resources:

Book: I Will Teach You to Be Rich by Remit Sethi

Apps: Acorns, Digit

Websites: Mint.com, Betterment, Motif, Ellevest, WorthFM by DailyWorth

Listen to Financial Fluency, speaking the language of money on JenTurrell.com or iTunes.

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Be Wealthy & SmartBy Linda P. Jones

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