Why Who programmed venmo Don’t Micromanage Our Money by Mrs. Want to guess how much time Mr. But no, we don’t obsess over our finances. There’s nothing to gain by micromanaging our money.
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I think it would drive us nuts to constantly think about our accounts and fret over our funds. I hate to disappoint that the answer is pretty boring: we created a very simple, math-based system for managing our money and we monitor it regularly, but not fanatically. I think it’s very easy to fall into the trap of this idea that the more you fiddle with your money, the better off it’ll be. But in reality, we’re better off setting it and forgetting it. View our credit card and checking accounts weekly to scan for fraudulent charges. Check our investments and 401Ks to ensure that the automated deposits we’ve set-up are operating correctly. Review all of our expenses once a month.
We don’t constantly adjust our investment portfolio or buy and sell stocks or do bizarre things with credit cards or create complicated budgets with different buckets of money. In fact, we don’t budget at all! Instead, we operate from the perspective that we’re not going to spend any money. Obviously we do spend money, but not a whole lot of it. When you start from the idea that you can spend up to a certain budget cap, I think you’re almost guaranteed to spend that much. In this same vein, our frugality is successful because we created frugal habits, which we routinely execute on frugal autopilot. We don’t innovate frugality every single day, we just follow the effective frugal lifestyle we’ve devised.
Why We Like Personal Capital As efficiency optimizers, Mr. FW and I are all about anything that streamlines our processes. And this is why we like Personal Capital. Personal Capital consolidates all of our accounts into one place so we only need to log-in once to review our cash monies. 1 for creating a regimen of high savings.