One of the easiest ways we've found to simplify our life is to automate all our bill paying. We have set up each of our monthly bills...phone bill, electric bill, auto insurance, life insurance, etc. to be automatically deducted from our checking account.
I understand the time-value of money and realize that I can keep money in my account a little longer and earn the interest myself, but some things are worth "losing" for the piece of mind and simplicity that they offer.
How many checking accounts really earn enough interest to make it significant?? And how many times is a payment accidentally mailed late, causing a late payment charge to be accrued?
I was 1st introduced to the idea of "automating" in the book The Automatic Millonaire by David Bach. While I don't agree with everything that Bach teaches, I think his automation idea is BRILLIANT! In addition to automating our bills, we've also automated our savings.
Give it a try and see if it simplifies your life!
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