Much like conscious consumption can positively impact one’s physical health, a budget can benefit an investor’s financial health. As self-improvement is pursued, sustainable practices must be put in place to help maintain healthy financial habits. Building a budget through automation is one of them.
Since budgets are traditionally used to determine how and where to curb spending, they tend to require a lot of time and can make money management less enjoyable. Instead, this article suggests a better way to ensure savings habits and debt repayment: budget automation. These four steps are an investor’s guide to automating a few different financial goals:
Automated budgeting is a great tool for the modern investor. Work with your advisor to determine your financial goals, build a budget and get started automating!