Eight Steps to Simplify Your Finances

If time is a precious commodity for you, here are eight ideas to save time and reduce the stress and anxiety of managing your financial affairs.

• Enroll for direct deposit.  It eliminates trips to the bank and keeps your money working longer.
• Sign up for overdraft protection.  By linking your checking account to a line of credit you avoid the cost, hassle and embarrassment of a bounced check.
• Establish an automatic savings plan.  Regular, automatic transfers to a savings account will add up.
• Use electronic bill paying.  Eliminate the dreaded task of writing checks.
• Consolidate your financial relationships.  Dealing with one institution makes everything easier.
• Consider personal finance software.  Many programs make handling your finances easier and quicker.
• Build a safety cushion.  Be ready for unexpected expenses or use some extra for a special vacation.
• Review your investments.  Make sure your asset allocation matches your time horizon and risk tolerance.

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