Why is it so important to track automatic payments?
Automatic payments nowadays, it is a great convenience. It help us save time and money for gas. So we don’t have to worry about the menial things that comes with paying our debts. It is great to save time and money every time when you setup an automatic payment. Most people have this bad habit of “setting-and forgetting!” It is extremely important to take in consideration this bad habit. Why? Taking control of your finance is like taking control of your life. Automatic payments is like allowing someone else reach into your pocket to get your hard earned money without your consent. Maybe, it was your consent at one point in time; nevertheless, things change from day to day and month to month. Emergencies come and go every month and people needs to have the freedom to control the money as much as possible.
Most people thing that by setting automatic payments, life will be much more easy, because they will not have to worry about paying any bills. Everything is being taken out automatically from their account. And that it is much more “easy” for them. Let me assure that that mind frame is wrong. The minute you start letting others control your finance, you start letting others control most of your life. Don’t’ get me wrong there are some situations in life where an automatic payments will be convenient. But this practice should not be use all the time.
This week I would like to encourage you to take a look at your finance and find out how much of your money it is been taken out of your account through the means of automatic payments. You will see that you are going to have some much more creative ways to pay your bills, you will also find out why you bank account has been overdrawn so many times. And let me tell you it hurts giving away $30 to $40 dollars every time your account has been overdrawn. By doing that, I can assure you will feel a little bit more in control of your life.