In this day and age, everyone relies on automation to some degree. Many workers have their paychecks automatically deposited into their bank accounts, while many businesses have automated processes for a wide range of tasks — from emailing clients to managing various financial accounts. In short, automation has become a way of life, and it’s not going away anytime soon.
What does this mean for individuals and small businesses? It means that you shouldn’t discount automation as a serious option to grow your personal wealth and manage your daily expenses. There are literally thousands of automation tools and applications to make your life easier — why not use them to make your finances easier, too?
With that in mind, let’s look at four of the best ways to automate your personal and business finances.
Amitech Solutions
Amitech Solutions is relatively niche, insofar as it’s specifically designed to develop automated processes for business owners and managers in the healthcare industry. While this may not apply to everyone, it is a great way for healthcare businesses to save a fortune. Additionally, Amitech offers a myriad of automation tools to track data, utilize robotics (as opposed to human labor), and generally ensure that your business can run as smoothly and efficiently as possible.
Acorns
Moving to the realm of personal finance, Acorns is one of the best solutions for people who want to automate their investments. Once you set up an account with Acorns, you can easily start investing with a few clicks. The best part is that you can automatically have money deducted from your account on a regular basis. Even if this option doesn’t appeal to you, Acorns gives you the option to have every purchase turn into an investment opportunity. Simply put, whenever you make a purchase with your connected bank account, Acorns rounds up the difference to the nearest dollar and invests the remainder in a portfolio based on your specific interests and needs. It’s literally never been easier to start investing in your future!
Betterment
Betterment is a more traditional online investment platform that gives you several different ways to automatically save. The two most common forms are the Betterment savings accounts and Betterment IRA accounts. In essence, you can simply connect your bank account to Betterment and initiate automatic deposits on a daily, weekly, or monthly basis. This way, you can start saving for retirement or even just have a separate rainy day account for emergencies. What’s the best part of utilizing Betterment’s automated investment accounts? The app only charges you 0.25% in annual interest for the funds you’re investing!
You Need A Budget (YNAB)
Many people consider You Need A Budget (YNAB) as the ultimate all-in-one budgeting software. Rather than just showing you how much money you’re spending and saving, YNAB actively looks for ways to help you put every dollar to good use. Whether you want to save up to buy a home or pay down credit card debt, YNAB automates the entire budget management process. Whenever you spend, make transfers, invest, or save, YNAB makes note of it. This way, you can get a birds-eye view of your budget and get expert advice on ways to improve your financial habits!
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Great advice for automating investing. I used it with my 401K. It was so much easier to have it pulled off the top, and put in whatever funds I chose. If I hadn’t, I might not have gotten around to saving enough for retirement.