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Automate Your Life

by Real Estate With Maghielse & Company, LLC 08/11/2019

Life can get so busy that no matter what you do, you can’t seem to keep up. Between work, school, the kids’ sports, and activities, and a little bit of fun, those housekeeping and personal finance chores can slip past. Soon, you find yourself trying to catch up because a bill got missed or an undone task turned into a complicated maintenance issue.The solution? Or, at least a partial answer: bring on the automation.

Things to automate

Regular monthly bills: Take a single day and set up all your regular incoming bills for automation. Go online to each vendor and set up their free auto-withdrawal from your account. You can do this for your cellphone bill, your cable or satellite bill, your Internet bill, auto insurance, electric and gas bills, water and trash, car payments, homeowners or rental insurance, association dues, health and fitness club dues, school bills, and any other bill you have with an automated withdrawal option. You can set these up to go from a single credit card that you “pre-fund” (see below) so that you don’t have to worry about having enough money in your checking account. You can also set this up from a secondary checking account. 

It’s vital that these automated payments do not pull from the same account that you use for incidentals. The last thing that you need is to overdraw or overdraft an account and then have your automated payments bounce.

Now, list all the remaining monthly outgo. This list includes things like rent or your mortgage payment, loans, credit card bills, and anything else that you can’t automate through its own system. For these bills, go into your account and set up Bill Pay. The way that most bill pay systems work is that they can send electronic payments to specific companies, so always use the electronic version if it’s available.

If no electronic link is available for the payment you need to make—if your bill is from a small, local company, for example—then set up a bill pay check delivery. It is important to note the due dates for check delivery and arrange your payments to be early just in case there is a postal delay.

Protect your arrangements

Once you have this setup, create a separate account for your “spending” money. This is the account that will have your grocery, gas (unless you pay by card), eating out, entertainment, and other casual spending money.

Set up your bank to text you anytime money leaves this account, and to send you your balance once a week (or daily if you spend from it often). That way, you’ll always know if you can afford that latte or nightcap.

If you’re saving to buy a home, make sure to keep those savings in a separate account and automate the transfer from your incoming paycheck into that account too. If you need help knowing how much you need to save up, talk to a real estate professional in the area where you want to buy.

About the Author
Author

Real Estate With Maghielse & Company, LLC

Having been a Real Estate agent for over 30 years now, I have helped literally thousands of families buy, sell and accomplish their Real Estate goals. Both my husband/partner and I grew up in Kent County, so we know the cities and their neighborhoods like the back of our hands.

I also have a strong eye for finding opportunities in the market and this, coupled with my knowledge of market trends and changes in the Real Estate industry, has led to a strong sales history of customer service that is reflected in the confidence and trust my clients have in me.

For over 15 years I have been in the top 1% of all Realtors in the Greater Grand Rapids Board of Realtors, a record of success very few Realtors can lay claim to. While it is essential to be sales driven, it is also critical to balance this by fostering a professional relationship built on trust and understanding with my clients because our end goal is always client satisfaction. You can see this reflected in the countless testimonials we have received from our clients. Stop by our office and ask to review them at any time, for smaller samples scroll to the bottom of this page or visit our YouTube channel at:

https://www.youtube.com/user/MaghielseandCompany

One of the unique advantages and key elements to our success is the team we have built here at Maghielse and Company. Working with us on the sale or purchase of your home, you have the advantage of a team with a broad array of talents supporting you in almost any situation and you should never experience that neglected feeling that can occur working with a single agent. I make it my business to exceed my clients' expectations and I won't rest until they have found a great new home, or sold their current property and are beyond satisfied with the results.