I realised my money mantra looks something like this:
"Automate what's good for you, make the pain manual"
I automate (GIRO) my:
Regular savings sum to my Joint account
Mom's monthly allowance
Investment monthly sum (dollar cost averaging)
Insurance premiums annually
I do these manually:
Manually pay my credit card bills so I feel the pain of how much I am spending every month
Manually key in some large ticket expenses on my app
Anymore interesting ones to share with the community? :)
No right or wrong here!
Ng Lip Hong Kyith, Senior Solutions Specialist at Providend Ltd
Posted on 29 Jul 2020
Here is a list of mine
Take 2-3 hrs 1 day in a month (usually last day of the month) to tabulate all my accounts to compute the net worth
Before the smartphone age, come back home before do anything, fire up the computer to record the day's transaction in Quicken
Nowadays with smartphone, after ordering food or getting the bill, record the transaction in YNAB (you need a budget)
After you get off the bus or train, record the transaction in YNAB
Before starting to vaccum the floor, put on bluetooth earphones and listen to something money while vaccuming
Here goes mine...
1) yes to automation, my mantra is as much as possible. I automate transfers of a...
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