Automating your personal finance system

The checking account is reinforced by a standing order. PHOTO| FOTOSEARCH

What you need to know:

  • Don’t use one account for all your finances.
  • Separate your accounts based on your obligations and undertakings.

A healthy personal finance status is made up of systems and processes that limit undesirable financial habits. These systems and processes work to streamline your finances, and to promote and secure your financial future. They are built around one pillar known as financial automation. Automation means that your money will be going where it needs to go. So, how do you set up and sustain an automated personal finance system? Let us take a look at some actions that you can take.

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