In series 1 we set out on a mission to reduce our bills as much as possible – and in some cases – wipe them out completely.
Your bills take up a large majority of your income so it makes sense to get these under control or you’ll be left in debt and homeless (worst case scenario).
We are in the digital age now my friend – automating your finances has never been easier.
Lets get this show on the road and get your money right!
Humans are Lazy Creatures But We Don’t Like to Admit it
Technology and convenience has made us lazy, it’s a proven fact.
Many centuries ago we had to hunt the wilderness for our food. These days we just go to the closest convenient store and purchase whatever we need.
We put things off for as long as possible and don’t give a damn about the consequences.
Even though we know what they are, we still leave it to the last minute or don’t do them at all.
How does this apply to paying the bills?
Well, we already know we’re not going to stick to our plan because we simply put things off we don’t like doing!
However, if we automate everything we don’t have to worry about ANY of that!
How Automating the Process Helps You
It Makes Everything Passive
Like I said, we as humans procrastinate for as long as we can.
If we can send our money to the right places on complete autopilot we can focus on more important things.
Sure, it’ll take time to complete the initial set up but it will be VERY worth it thereafter.
It is a “set and forget” approach.
At the time this is all happening your worries will go away. That will keep you motivated to keep the process alive and never give up.
We Don’t Skip Payments (HIGHLY Important)
Everything gets paid every single time and that is most important thing.
Having a solid payment plan in place means you are going to get out of this rut as fast as possible.
If you don’t set these payments up you’re only going to spend your money on things that don’t matter (probably get even more behind) and take even longer to pay.
More times than not people skip this step, don’t bother to pay their bills and end up on the streets.
More Time to Focus On The Important Stuff
Once everything is done (automated your cash flow), you have more time to focus on the things that matter the most…like finding another job or increasing your income until you get a job.
If you have a good capital and a small monthly income, you’ll get them paid faster before you run out of money completely.
However, more on that in series 4.
How to Automate Your Cash Flow
So it is actually really simple to be honest with you.
If you have online banking this process can be done right now, otherwise you will have to go to your bank and fill out papers.
What we are doing is setting up “automatic” payments so your bills get paid on time, every time.
Do this with all the bills you’ve outlined in your plan.
If you’ve done it correctly this process should be a breeze, because it’s just a matter of setting up automatic payments and you’re DONE.
If you’ve forgotten what the heck I am talking about I will show you.
The red colors mean they come out of your bank account automatically. Blue means they have to be done manually.
In the example above you will see that rent, car, mobile, insurance and savings go to their respected places immediately.
As soon as you get your paycheck, these important bills leave your account and go to wherever they need to go.
It is now set so we can completely forget about them.
What We’ve Covered
You have a solid plan in place, your cash is flowing in the right places and you have just completed series 2.
Believe it or not but you are already ahead of most people.
Nobody likes to do this tedious work but in the long run it saves you MUCH more time and money!
I want to congratulate you if you’ve come thus far.
You could’ve click the back button and not worry about it but you are serious about paying your bills and ensuring you don’t end up on the streets, so great job my friend.
In series 3 will be doing a recap on everything you’ve learned/implemented and then your money (what you’re going to do with it).
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My goal is to help a minimum of 1000 people!