All Quiet On The Financial Front
Posted on February 28, 2007 by Him and tagged credit, debt
Things are quiet. Very quiet.
Since we've paid off the majority of our credit cards, we are only getting two credit card statements a month. By the end of the year we'll only receive one. Our Saturday morning "pay the bills" time has been greatly reduced since all of our bills are on auto-pay. That's a far cry from the almost 30 bills we'd pay a month a little over a year ago.
Retirement savings to our SIMPLE IRA, 401(k), and Roth IRAs is automatically deducted. Our account are growing in value with little intervention from us.
While I'll be the first to admit that our finances aren't perfect, it is a strange feeling not worrying about money as much as I used to.
Automation is silent. Silence is golden.
Comments/Trackbacks
Trackback URL: http://www.makelovenotdebt.com/MT/mlnd-trackbacks.cgi/1079
What is the main reason that you continue to contribute to your retirement savings while paying down your debt? Wouldn't you have a higher return yield when you concentrate on paying off the debt only?
Paying bills online is a very handy budgeting tool. I recommend that people open up a separate account for bill payment and split their direct deposit. Only bill payments come out of the "new" account, which further reduces the chance that there won't be enough money.
I agree with Jay, online bill pay is more convience.
I as well separate My investment account and pay bill acct
LAMoneyGuy | Mar 1, 2007
To me this is one of the greatest benefits of getting your financial life in order. The chaos disappears. When you are in the midst of it, there is a feeling of satisfaction in tackling thirty bills. But once you leave it behind, you realize how much time and energy you were wasting.
Reply to this comment