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KC

Finances out of control - automation could be the answer!

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The "I will teach you to be rich" guy Ramit tells how to get a grip on your personal finances, where he guest-blogs on the "Four Hour Workweek" blog of Timothy Ferriss.

Automate a bulletproof personal finance system

Have any questions? Write it here to get an answer from the blog-poster.
Put your questions here about automating your personal finances

Michelle explains how it worked for her:

"By the end of the month, I'd spent less than two hours monitoring my finances, yet I'd invested 10 percent, saved 5 percent (in sub-buckets for the wedding and down payment), paid all of the bills on time, paid off my credit card in full, and spent exactly what I wanted to spend. I only had to say "no" once, and it was no big deal. In fact, none of it was."

Scroll down to the end of that blog-post - some of the Comments have some clever suggestions, e.g. valuable self-employed tax deductions posted by Jeff Nabers.

Would it work for you? Is he missing any key issues, especially given how Numberers might act?

KC

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Adrian Comment by Adrian on August 9, 2009 at 7:59pm
"Money Leader v Money Manager v Money Handler" ... I see a book (or, three) in there Jeff :)
Jeff Comment by Jeff on August 7, 2009 at 10:37pm
KC, I too advocate a "hands off/automatic" approach to many of my menial money management tasks. Follow the link for an article that I wrote on my personal blog regarding this topic. I hope it adds to the discussion.

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