I automate all my finances. All of my bills are on autopay, percentages of my paycheck automatically go into investments. It's really important to pay yourself first, so by automating it, I take out the cognitive load. I don't have time, patience, or determination to spend tons of time filling out spreadsheets. I literally spent a few hours setting up autopay and auto-deposit. What's left out of my paycheck is more or less disposable income, though I don't spend nearly that much on a normal month, so it goes into savings.
Maybe once a month or a quarter, I'll look at my savings and redistribute to investments or splurge on something nice.
All of that said, I really don't spend a lot of money. My biggest expense is that I buy lunch 5 days a week. I don't buy a lot of other things... so I guess this works for me.
If you want to know more about how all of this works, I recommend "I Will Teach You To Be Rich" by Ramit Sethi. It's pretty easy to read and walks you through all of the above. Worth more than it's $10 or whatever.
Comments
I automate all my finances. All of my bills are on autopay, percentages of my paycheck automatically go into investments. It's really important to pay yourself first, so by automating it, I take out the cognitive load. I don't have time, patience, or determination to spend tons of time filling out spreadsheets. I literally spent a few hours setting up autopay and auto-deposit. What's left out of my paycheck is more or less disposable income, though I don't spend nearly that much on a normal month, so it goes into savings.
Maybe once a month or a quarter, I'll look at my savings and redistribute to investments or splurge on something nice.
All of that said, I really don't spend a lot of money. My biggest expense is that I buy lunch 5 days a week. I don't buy a lot of other things... so I guess this works for me.
If you want to know more about how all of this works, I recommend "I Will Teach You To Be Rich" by Ramit Sethi. It's pretty easy to read and walks you through all of the above. Worth more than it's $10 or whatever.