EVERYONE should do this budget… well, there may be some exceptions but YOU are not the exception (if you are 99.9999999% of adults).
Have you ever made a new-year’s resolution to create a new habit that you would do daily, weekly or monthly forever only to abandon it a few weeks later? Everyone does. Forbes reports that 80% of new year’s resolutions are abandoned by February. Sustaining high effort for months and years is hard.
With the Automatic Budget, you will set up your system now, while your motivation is high! Then the system will run automatically, requiring no additional effort. Periodically as your goals change, you will make small tweaks to the system with minimal effort. It is that easy, and that is why it works.
I avoided this for years, fearing that one of my direct-deposits paychecks get lost and before I noticed, a series of automatic transactions would occur burying me in overdraft fees. Fear not!!! Bankrate.com reports most banks now offer automatic email/text alerts for: Low balance alert, Direct deposit alert, Unusual account activity alert, Large purchase alert, Large ATM withdrawal alert, etc…