#4: Automate Your Finances

 

As you will want to spend as much time as possible with your children, it’s easy to forget there are certain things you do each month like paying the bills and saving for the future. That’s why you need to automate your finances as much as possible. This money move is easier than you think.

Start by having your rent, utility bills, and insurance automatically withdrawn from your checking account each month. When it comes to saving for retirement and investing, you can tell your employer 401k to automatically withhold a designated amount from each paycheck and you can also schedule your bank to automatically transfer money to your emergency fund or investment accounts monthly as well.

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