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Ditch the Budget and Automate Your Money
Featured Author:
Ms. Career Girl
If you’re like most young women, you want it all: a fulfilling career, an amazing family, money in the bank and sweet shoes on your feet. Ms. Career Girl is written by and for Generation Y women, and represents the multiple components of being the ultimate modern woman. Ms. Career Girl answers questions like: How can you manage to save for retirement and still buy that new designer bag? Is it possible to start your own business and work full time? What's up with this whole dating and marriage thing? Visit us for daily career encouragement and to remind yourself that you really can have it all!
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Ms. Career Girl | Excelle
September 01, 2009
by Nicole Crimaldi, founder of MsCareerGirl.com
It’s a Friday afternoon and you are walking home from work. You’ve had a super stressful week at work. Not only are your superiors on you about a plethora of issues at work, your best friend cancelled on your girls night and you are in a fight with your boyfriend.
Enter
Out comes the plastic. Followed by another credit card bill you can’t pay off. You tell yourself, “it’s fine- I just won’t eat this week.” Followed by you thinking you might as well keep going down Michigan Avenue and add to the pile. You just got paid, “It will all work out somehow, right?!”
Stop right there!
If you are an impulse or emotional shopper who hates the word “budget” then you need to get automated. This is for your own peace of mind and financial security.
I hate the word budget too, but I love the word GOALS.
Therefore, here’s what I suggest:
Set up 3 free checking accounts which your paycheck direct deposits to each pay period:
1. For your rent/mortgage payment + your savings.
2. For utilities, Netflix, cell phone bill, car insurance and any other monthly bills you get.
3. For your play, grocery and gas money.
Why does this work? Find out on the next page →
changinglifestyles
2 months ago
2474 comments
What a good idea! I see many benefits to this. Well, I guess this shows one is never too old to learn something new. I really like this idea!