1 week ago
There’s a lot of money to be made, saved and discovered if we are focused, committed, and coachable. Spend an hour a day on personal finance and you’ll see a difference quickly.
After you dissect your expenditures and cut the waste (habits), you will discover even more income that can be redirected to your financial goals.
I spent 2 nights automating EVERYTHING so I can pay myself first. Even my cell/internet bill will be paid automatically with AMEX for extra points/money. It’s not free cash until I earn more than the annual $75 fee for the card that keeps me disciplined😭. Automatic payments eliminate the “budgeting” process many of us fail at because either it’s boring, were not disciplined enough, it’s time consuming, we have impulses, and too much financial wiggle room isn’t always so good for many of us eager consumers!
Strict “budgets” are as unsuccessful as strict diets for many of us. Automation takes the “budgeting” out of the budget.
If the important pieces to financial gain are automatically done, you don’t “feel it,” and you can’t really fail. It gets done and we re-adjust. ✨The government used to have taxpayers send in their owed taxes the following year. Taxpayers were not “budgeting” for it and the government wasn’t getting their money. So, they automated it and presto. They get their money because we automatically pay them and don’t get hit with enormous tax bills.
Same with 401(k)’s. If it wasn’t automatically withdrawn, a lot of people would probably have nothing in saved for retirement.
#investlikeamother #automatic #financialliteracy #debtfreejourney #ifnotnowthenwhen #retirement #vacationfund #educationfund