From: Duncan M
I was doing some banking this morning, on the Internet via Commonwealth Bank's service. Setting up additional BPay's, transferring funds, setting up regular account transfers etc
It occurred to me that given the tools available today for people to use to manage their money.. things like Personal Accounting Software, Excel, Internet Banking, Phone Banking, BPay now more then ever we should have a generation of people who are more effective than ever at budgeting, bill paying etc.. Funny how the opposite is the reality..
I was also curious to know what things other people do to manage their money..
Some of the things that work well for my wife and I are:
- Weekly BPays for Gas, Water, Mobile, Phones, Electricity, based on last years bills / 52
- Weekly transfers to Bank Accounts for things we cant BPay, Car Maintenance, Car Rego, Accountant Fees etc.. so the money is their waiting when the Bill comes in.. We have around 15 CBA Streamline Accounts for this.
- A budget!
Just wondering what tools and methods other people use for day to day management of their money?
Regards,
Duncan.
I was doing some banking this morning, on the Internet via Commonwealth Bank's service. Setting up additional BPay's, transferring funds, setting up regular account transfers etc
It occurred to me that given the tools available today for people to use to manage their money.. things like Personal Accounting Software, Excel, Internet Banking, Phone Banking, BPay now more then ever we should have a generation of people who are more effective than ever at budgeting, bill paying etc.. Funny how the opposite is the reality..
I was also curious to know what things other people do to manage their money..
Some of the things that work well for my wife and I are:
- Weekly BPays for Gas, Water, Mobile, Phones, Electricity, based on last years bills / 52
- Weekly transfers to Bank Accounts for things we cant BPay, Car Maintenance, Car Rego, Accountant Fees etc.. so the money is their waiting when the Bill comes in.. We have around 15 CBA Streamline Accounts for this.
- A budget!
Just wondering what tools and methods other people use for day to day management of their money?
Regards,
Duncan.
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