With the strike by Canada Post last year I have been asked by a few friends (we’ll be nice and call them the “technologically-challenged” crowd) to help them automate their finances. I myself am certainly not a computer wizard, and most definitely no one would mistake me as an “IT guy.” That being said, I think if you automate your finances to be ahead of the game, and within 10 years most people probably won’t have a choice, so you may as well get used to it now.
Lazy Is Good?
The whole motivation for me to automate my finances was laziness. I don’t consider myself an overall lazy person, but I do tend to procrastinate smaller things in favour of trying to cover ground on pursuits I am more motivated by ( I like to think this is different from spending endless hours watching TV or playing video games etc). As a direct result of this I was frustrated by getting mailed payments for every little service I use and then having to go through the whole process of writing a cheque, getting in the mail ASAP (since I live rurally you have to allow for a couple of extra mailing days each way) and so on and so forth. I have accomplished the lazy man’s solution by automating my monthly payments, but I have also seen many other benefits, and consequently I am not a huge proponent of automating as many basic tasks as I can in life in order to free up the majority of my time to pursue more productive efforts.
Automate Your Finances To Save Cash
One great reason to look at automating your payments is that you save money on stamps and late payments. It doesn’t sound like much, but it does add up over time. With Canada Post employees looking for higher pay, look for basic postage to go up as well. Even if you automate your finances and it only saves one late payment it will have been well worth your time.
Some people feel that by giving companies the ability to reach into your account and take money, that you run huge risks if they make an error. The fact is that most basic bills will still get mailed to you, however instead of asking for payment they just explain that a certain payment will be deducted from your specified account on a certain date; therefore, you have notice if you want to dispute any charges or you feel that something wasn’t done fairly.Continue Reading