Session: Automating Your Finances: Stop Wasting Time and Start Saving Money
Most financial advice asks you to do more: budget more, have more willpower, pay more attention more often. But this advice isn't just impractical for most people, it's counterproductive. Today, we'll talk about how to save money by doing less.
We'll take a systems approach to your money, providing frameworks for understanding your finances and techniques to make smart money moves automatic. We'll also discuss how to protect your hard-earned money from fees. By the end of this session, you'll know how to allocate your money between cash, savings, and investments; how to choose the right account for each; and one-and-done actions you can take today that save you time, energy, and money down the line.
- Divide your money into today, tomorrow, someday, and retirement buckets.
- Put each bucket into the right type of account (checking, savings, or investment) to avoid fees and maximize returns.
- Set up automatic transfers between accounts to make saving money effortless.
Anisha Sekar is the chief product officer at MoneyHash, a payments solution revolutionizing the Middle East and Africa's financial infrastructure. She has led development of multiple award-winning financial products that help make money management straightforward and automatic. She's an unrepentant spreadsheet-maker, over-analyzer, and finance geek.