Eight Steps to Simplify Your Finances

Save your time as well as your money with these tips.

05/28/2015



If time is a precious commodity for you, here are eight ideas to save time and reduce the stress and anxiety of managing your financial affairs.
 

  1. Enroll for direct deposit.  It eliminates trips to the bank and keeps your money working longer.
  2. Sign up for overdraft protection.  By linking your checking account to a line of credit you avoid the cost, hassle and embarrassment of a bounced check.
  3. Establish an automatic savings plan.  Regular, automatic transfers to a savings account will add up.
  4. Use electronic bill paying.  Eliminate the dreaded task of writing checks.
  5. Consolidate your financial relationships.  Dealing with one institution makes everything easier.
  6. Consider personal finance software.  Many programs make handling your finances easier and quicker.
  7. Build a safety cushion.  Be ready for unexpected expenses or use some extra for a special vacation.
  8. Review your investments.  Make sure your asset allocation matches your time horizon and risk tolerance.

Related Blog Posts

The Least Expensive Cars to Own

Five-year ownership costs are at least as important as the initial price tag Full story...

Winter Home Maintenance Checklist

Discover how you can protect your home from the harsh temperatures and conditions that cold weather brings.  Full story...

Prioritizing Loan Repayment

What debt should you pay off first and why? Full story...