Do you hate tracking your daily expenses? Are you tired of figuring out your budget each month? Do you have trouble keeping track of all the receipts you collect each month? If you hate tracking your budget every month, here are five easy tips to take the hassle out of managing your money.
1) Sign up for equal payment plans for your utility bills. This is easy to do once you have lived in your home for a year. This will keep the amount the same and save you from adjusting your budget every month.
2) Sign up for automatic bill payments for all of your bills. You can either do this through the company you are paying, or you can set it up to happen online with your bank. This will take the hassle out of keeping track of your bills. It can also help you to avoid late fees and the hassle of playing on time.
3) You can switch to cash for your other expenditures, such as groceries, eating out and gas money. Once you are out of money, then you stop spending. You do not need to track every penny, because you will automatically stop when the money is gone.
4) Don’t forget to put money into savings each month. You can set up an automatic transfer to a savings account. Do not forget to take advantage of your retirement account at work. If you have a hard time leaving the money in savings, then open an account that is more difficult to access. You can use an online savings account for this purpose.
5) Set up an emergency fund, so that an emergency will not throw your entire budget out the window. A good starting fund is $1000.00. Once you are out of debt you should save three to six months of income as an emergency fund.
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