Let’s get to know each other some more :) I filled out this questionnaire for a series Automatic Finances put together recently (he interviewed a few of us bloggers), but I thought it would be a great discussion tool for us too. After all, we see each other almost every day, yes?
If you’d like to participate (and I hope you do), list your answers in the comments below. You can be as short, and anonymous, as you’d like. And if you’d rather not, no worries either – you can always stalk us from behind that computer of yours ;) Let the getting to know each other commence!
1) How do you spend: cash, debit or credit?
As much as I can on credit card baby! I find credit cards to be an excellent budgeting tool as long as you stay on top of it, and pay ’em off in full every month (which I do). If you’re spending roughly the same every month, why not pay with plastic and milk ’em for all those extra rewards?
2) Do you bank online? How about use a financial aggregator (Mint, Wesabe, Yodlee, etc.)?
I bank online at USAA.com aka the best bank e-v-e-r. Since most of my 10+ accounts are there, I find a trusty excel spreadsheet & google doc is the only other thing I need to manage it all and stay on budget. Although I could certainly see the value in personal finance software like Mint & the rest. If I didn’t like manually updating my budget so much I would have switched out long ago ;)
3) What recurring bills do you have set on autopay?
Oddly enough, only a few things: Comcast, condo fee, and insurance. My income gets staggered so I like to manually pay the rest to make sure all is on point.
4) How are your finances automated?
Currently, they’re not as automated as I’d like. I deposit my paychecks, xfer out the money to the right accounts, and then manually pay a chunk of the bills asap to make sure I don’t forget. I’d like to have *all my finances automated* but it’s gonna have to wait until things are more concrete.
5) Do you write checks? If so, how often?
Checks? What are those? :) They only get the pleasure of my bad handwriting when it’s time to pay a stray bill or give a wedding present to somebody. All other times they stay in my drawer sobbing, knowing the end is near.
6) Where do you stash your short-term savings?
In a regular ol’ savings account. I like the freedom to xfer out at a moment’s notice, and having your accounts in one spot makes it even easier to manage it all.
Your turn! How do you manage your finances?
PS: Some of my favorite tools:
|Personal Capital (FREE) -- If you’re looking for a robust financial tracker, Personal Capital is the way to go! They’re like Mint, but on steroids and have much better tools for investment and net worth tracking. // Full review|
|Digit (FREE) -- A super easy (and automated) way to save. Every day Digit analyzes your income and expenses and will push money aside for you any time it sees extra sitting there. I've saved over $4,000 myself using them so far! // Full review|
|Acorns -- Having trouble finding money to invest? Check out Acorns – they round up all your transactions to the nearest $1.00 and drops the difference into an investment portfolio for you. Easy way to start investing! // Full review|