3.13.2011

Lazy People + Personal Finance FTW!


Sidenote: Thanks for all your great comments lately, I have been reading them all and I am glad you can all relate to what I post. The best part about blogging is interacting and hearing from your readers. I find we all can feed off each other and we all influence each other in some way. So thanks again for stopping by!

Sidenote 2: I haven't been able to stop thinking about the disastrous earthquake and the aftershocks and tsunamis that have hit Japan. There's not a moment that goes by where I feel devastated that this happened to many people. My heart goes out to everyone there and it ceases to amaze me that throughout this all, they remain so gracious to each other. They are such a strong country and I know they will make it.

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Now, if you were to categorize me into a lazy person or a not so lazy person, I’d fall somewhere in the middle. I’ve found that it’s pretty easy to get into your finances even though it seems like a big chore.

Technology makes it easier to track your money.

I’ve raved about my love for Mint.com before but it’s seriously my favorite lazy person tool for finances. I don’t have to save my receipts, add up my transactions on an excel spreadsheet, create budgets, or categorize my spending on my own. I log in on my phone so that I carry it wherever I go, which helps when I’m out shopping or want to take a quick look at one of my accounts. I still do some of my finances on my own but for those that are not as financially organized, you can within minutes.

Get Automated.

Automating is not new. You just set up the automatic payment to pay bills or set up that transfer to savings each month so you don't have to think about it. I still like to pay for my credit card myself each month and make more transfers to savings on my own, but my money gets automatically transferred to my roth IRA and 401k each month. You can also request the billing date of mostly everything these days so that all of your billing dates are on the 1st.

Set it and Forget it.

I'm not talking about a kitchen gadget here. After you track your expenses for a bit and have enough money to spend, make sure you are contributing as much as you can to your 401k and/or Roth IRA. I put 5% into my 401k and 15% into my Roth each month. It wasn't that difficult for me because I was used to paying a lot on my credit card, so instead of paying Citibank, I'm paying myself now. Once you set these automatic contributions, set it and forget it! Pat yourself on the back for thinking of your future. 

Lazy People Can Save Too.

After work and especially on weekends, I'm much too lazy to cook a gourmet meal. I find that since I don't use too many ingredients, my grocery list is short and I don't spend too much. I know this will change if I ever have kids, but for now it's saving me tons of money. On the weekends, the BF and I get lazy to go out at night or do something grandiose so we end up saving a ton by finding free activities to do at home (right now we're stuck on playing Call of Duty Black Ops) or just going to the gym.

How does being lazy benefit your personal finances?

3 comments:

Rubee said...Best Blogger Tips[Reply to comment]Best Blogger Templates

I'm usually too lazy to dress up to eat out so we would just get a takeaway and the food would last us up to a couple of days which save us money and also having to cook for the next few days!! Woo hoo!

mybuckstopshere.com said...Best Blogger Tips[Reply to comment]Best Blogger Templates

I save a lot of money on food when I'm home on the weekends because I'm too lazy to hop in my car and pick something up. I'll usually just find something to munch on while at home. It saves me some cash as well as a few calories. ;)

On the other hand, laziness gets in the way of my financial goals at times. For example, going to the bank to deposit cash that I have saved. I'll get lazy to drive and make the deposit, which leads to sometimes dipping in to it until I do get to the bank.

So I guess it works for and against me.

fabulouslyfrugirl said...Best Blogger Tips[Reply to comment]Best Blogger Templates

I also have automated amounts deducted from each paycheck which feeds into my individual saving accounts and RRSP. So when my checking account dips, I know that I need to tighten my belt on spending.

I also cook a batch of food on Sunday that I take to work for lunches and dinners.

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