Getting Started: Setting Your Bills and Savings on Auto-Pilot

Once you have a reliable handle on your monthly expenses and income, you should be able to look ahead to your future bills and be aware how much you’ll need to cover them as well as how much you can save or use to pay down debt.

The great next step to take is to start automating your financial life. You should try to set up auto-bill payments on everything you can and set up automatic transfers on savings. You’ll have the peace of mind of knowing that you won’t miss any payments or get charged late fees, and that you can take a vacation or a long weekend and not worry about whether you paid the mortgage or the credit card bill.

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