GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
20 YearsHelping You Live Richer
Reviewedby Experts
Trusted byMillions of Readers
Ah, payday.
Its the best day of the week or every other week, or the month.
Unless, of course, you forget to move the money over.
Your bankcan be a key ally in this process.
Technology sets us up for convenience when it comes to our money, said Cruze.
So being confident that things are getting paid by putting them on autodraft is a very wise choice.
By setting up autopay, you could schedule bill payments to align with your pay periods.
Your monthly budget should include your total household income, including money from a partners paycheck or side gigs.
Some banks even offer built-in budgeting tools that sync with your account.
Next, outline all your debts, starting with the smallest balance owed and working up to the largest.
Include the minimum payments for each.
After finalizing your budget, create a schedule to automate your debt payments.
By doing this, youll not only ensure you stay on track but alsoremove the temptation to spend moneyelsewhere.
And one of the best ways to ensure you meet those goals is to automate your savings.
For example, you could move 10% of your paycheck into savings automatically.
To ensure youre choosing the right accounts for you, check whether your bank offers financial planning assistance.
Dont forget, personal finance is all about behavior, said Cruze.
So creating good habits with your money not just relying on technology, is still important to remember.
But ultimately, success comes from pairing automation with disciplined financial habits that you maintain over time.
More From GOBankingRates
Share This Article:
