{"id":254898,"date":"2025-05-24T06:38:40","date_gmt":"2025-05-24T06:38:40","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/how-i-manage-my-finances-to-save-time\/"},"modified":"2025-05-24T06:38:40","modified_gmt":"2025-05-24T06:38:40","slug":"how-i-manage-my-finances-to-save-time","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=254898","title":{"rendered":"How I Manage My Finances To Save Time"},"content":{"rendered":"


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Are you wondering how to manage your finances to save time? Handling your finances can be difficult and stressful, it doesn\u2019t have to be! I will be sharing with you how I manage my finances to save time.\u00a0<\/strong><\/p>\n

I\u2019m currently on my mini-retirement, which means I\u2019m traveling the world and having a break from working.<\/p>\n

I would expect that I have more time to myself and more time to manage my finances \u2013 I have to admit that I was totally WRONG.<\/p>\n

I love to explore, see new places, climb mountains, and be active. Absolutely zero time is left to manage my finances and track everything that\u2019s currently going on.\u00a0<\/p>\n

Luckily I am naturally a lazy person, meaning that I\u2019m always optimizing so that I can get the maximum result with minimum input. I want to take out as much stress and as much effort as I can.\u00a0<\/p>\n

I\u2019m big on simplifying your life<\/a> by making everything as easy as it can be. If you simplify your finances, you can spend more time doing the things that you love. Also, you will save a shitload of time and you will have less stress.\u00a0<\/p>\n

Win-win, right?<\/p>\n

YES!<\/p>\n

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Image credit: AllaSerebrina\/Depositphotos.<\/figcaption>
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Properly managing your finances isn\u2019t hard or complicated. After you\u2019ve read this, you can easily manage your finances.\u00a0<\/p>\n

By showing you how I easily manage my finances, you can also do it to save stress and time.\u00a0<\/p>\n

I Am With One Bank<\/h2>\n

Technically I have two bank accounts, a savings account plus a checking account. Both are with the same bank, which makes my life a whole lot easier.\u00a0<\/p>\n

I can\u2019t imagine having more than that, especially having multiple accounts at different banks would make me lose the overview.\u00a0<\/p>\n

I can understand that you want to have more than one checking and one savings account, there are many reasons for doing so. You can get a higher interest rate or make sure that your emergency fund<\/a> money can\u2019t be touched.\u00a0<\/p>\n

In the Netherlands, the interest rates are so low, that it doesn\u2019t matter what account you open at which bank account. Interest rates will stay close to zero.\u00a0<\/p>\n

That\u2019s why having accounts at multiple banks seems like extra work that\u2019s unnecessary. Of course, I understand someone else would do it, just not me.\u00a0<\/p>\n

[Related Read: 11 Ways To Trick Yourself Into Saving Money<\/a>]<\/p>\n

I Automate My Payments<\/h2>\n

I love to automate things in my life.\u00a0<\/p>\n

The number one thing to do is: I pay myself first<\/a> \u2013 meaning that I first put a set amount to the side for investing and crowdlending.<\/p>\n

I want to let my low-cost index fund portfolio grow every month.<\/p>\n

Besides that, crowdlending is an amazing way to give you passive income<\/a>. If you didn\u2019t start with crowdlending (or P2P investing) yet, I highly recommend reading how you can start making passive income with peer-to-peer investing<\/a>.\u00a0<\/p>\n

Besides that, I auto-pay my bills AND I auto-pay my credit card.<\/p>\n

I love the fact that I don\u2019t have to check whether I paid everything, transfer bills manually, and I don\u2019t have to worry about my credit card.\u00a0<\/p>\n

It\u2019s hard to forget to pay bills in that way, which is something that would for sure happen if I were to manually pay everything.\u00a0<\/p>\n

At the end of the month, I check all transactions and expenses that have been written off. Most expenses stay the same month over month, so it\u2019s easy to check the payment and see if it is correct.\u00a0<\/p>\n

SIDE NOTE: this is NOT for everyone.<\/p>\n

If you\u2019re having an irregular income<\/a>, it isn\u2019t always possible to automate. That\u2019s great \u2013 please adjust this advice<\/a> to your personal situation.<\/p>\n

I Try To Pay (Semi-)Annually\u00a0<\/h2>\n

For some expenses, you get a discount if you pay annually.<\/p>\n

I like to have all my expenses written off at once, so I don\u2019t have to worry about them for the entire year.\u00a0<\/p>\n

Mostly what I pay annually are some subscriptions and my health insurance. The discount you get for paying annually is mostly 5-7%, which makes it reasonable to pay at once and be done with it.\u00a0<\/p>\n

That means that at the beginning of the year I pay a lot, but that is evened out by the rest of the year.\u00a0<\/p>\n

In October, I still had an average of 75% savings rate for the entire 2019.<\/p>\n

If you want to up your savings rate, start here:<\/p>\n

I Put Reminders In My Phone Calendar<\/h2>\n

When I\u2019m sure I will forget something that is coming up, I create a reminder in my phone\u2019s calendar.<\/p>\n

This simplifies things a LOT since I don\u2019t have to worry about me forgetting a payment or anything else that is important to me.\u00a0<\/p>\n

I create reminders for things like:<\/p>\n