I am a huge proponent of automating that which is important in my life – especially when it comes to finances. Recurring automatic payments have helped Devin and I tremendously over the years. Here are some ideas you can use.
Savings/Investment accounts. Devin and I save a certain percentage of money each month by automatically transferring it from Checking into other savings/investment accounts. Prioritizing this on the front end ensures that we are preparing for our future rather than wasting money on random impulse purchases.
Bills. Automatically deducting recurring payments each month saves both time and money. It’s super easy and available through most every bank.
Online Giving. Devin and I are passionate about generosity but never carry a checkbook. As a result we give online. Every two weeks – an automatic draft occurs so that we never have to worry about remembering cash or our checkbook. As a matter of fact, about 58% of our church gives online through this platform. It’s a great way to stay on top of things and it’s one less thing you have to remember each week.
Give this a shot! You will be glad you did!