We get it. Managing your finances can be tedious. Here's how you can set up a system that's effortless to maintain. Presented by Fidelity. MasterYourMoneyBootcamp
in the Master your Money Bootcamp, you should know how much money you can afford to put toward each of your goals on a monthly or weekly basis. If you haven't gotten there yet, do it now. Knowing how much you need to save or invest for your highest-priority goals, go to your checking account — or wherever your paycheck is deposited — and set up automatic and recurring transfers to your savings accounts and/or investment accounts.
If you're contributing to a workplace retirement plan, those withdrawals will come straight from your paycheck . Finally, mark a day on your calendar to revisit your automated system, perhaps once every two to three months. How much and how often you make transfers will probably need adjusting if you reorganize your budget, change your priorities, or meet one of your goals earlier than expected. With each checkup, you'll find the system has been humming along in the background.
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