I loved this post by J. Money at Budgets are Sexy so much that I decided I wanted to hear from you guys about how you make your finances work. Here are 6 questions and I'd really love to hear from you!
1) How do you spend: cash, debit, or credit?
I am all about using credit cards RESPONSIBLY. This means paying off in full every month, and deciding what credit card suits your needs and lifestyle. I think credit cards are convenient, they help me track my finances better AND you get cash back or other rewards. Nice!
2) Do you bank online? Do you use a financial aggregator (Mint, Wesabe, etc)?
I am completely paperless when it comes to banking. I pay bills online with Chase, although I'm thinking about moving my money. I also have accounts set up with USAA (love them!). And you've definitely heard me rave about how much I heart Mint. It's so easy to track your spending and also figure out if there are better options for your banking needs.
3) What recurring bills do you set on autopay?
I only have my car payment, cell phone bill, and cable bill on autopay. Everything else fluctuates a little too much for me to have it on autopay and I think it keeps me more on top of my budget when I look at my bills every month. (Another plug for Mint - it reminds you of due dates!)
4) How are your finances automated?
The only automated part of my finances is funding my 403b. Other than that, I move money from one account to another as it's needed. I'm trying to keep just what we need with a tiny cushion in checking while putting the rest (and promising not to touch it) in savings.
5) Do you use checks? If so, how often?
Our joint checkbook is so old, it has our previous address on it...and we moved almost 4 years ago! My personal checkbook has my COLLEGE address on it. Wow. Needless to say, I'm not a big check person. Just rent. And scratch paper.
6) Where do you keep your short-term savings?
I keep short-term savings in a savings account; however, I am thinking about switching to a no-penalty CD, which have higher interest rates than most savings accounts.
There! As I mentioned, I would love to hear how you all keep it together - respond in the comments with your 6 answers!