Accomplish more by doing less

Everyday Stewardship |

Automation saves time and money

People often ask, “What’s the best piece of financial advice you can give me?”

That’s a loaded question, because financial success isn’t magic and can’t be boiled down to one thing.

A quick Google search will yield countless tips or “tricks” you might use to get ahead, but piecing together a coherent plan from these can be difficult.
If you’re not in a place you’d like to be financially and want to take better control of your money, you need to change your behavior.

And I’ve found that many of us have a better chance of reaching our financial goals if we automate the means to get there.

You may already do this in some form or another. You’re reading this financial column, so you probably know you should set up an automatic investment into your retirement plan with each paycheck.

But you may not know that you should set up your investments to automatically rebalance each quarter to stay in alignment with your goals for funding your retirement.

If your goal is to save for a down payment for a house or a new car, create a separate savings account and automatically transfer an amount to it each month until you hit the goal.

You also should set up automatic payments on your credit cards so it’s harder to accumulate credit card debt.

If there’s a way to automate the steps you need to take to reach your goal, you should do it. It’s harder to fail when it’s automatic.

Hayden Goerzen

Author

Hayden Goerzen
Financial Planner

Let's get automatic

Talk to Everence about ways you can set money aside for the future in a way that doesn’t require a lot of effort on your part. Call us at 800-348-7468 to set up a time to talk with one of our financial professionals.

 

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Disclosure

Securities offered through Concourse Financial Group Securities, Inc. (CFGS), Member FINRA/SIPC. Advisory services offered through Concourse Financial Group Advisors, a DBA for CFGS, a Registered Investment Advisor. Investments and other products are not NCUA or otherwise federally insured, may involve loss of principal and have no credit union guarantee.

Products and services offered through Everence Trust Company and other Everence entities are independent of and are not guaranteed or endorsed by Concourse Financial Group Securities, or its affiliates.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.