Lazy Man’s Guide to Money Management

You work hard for your money, then you have to work hard to manage what you’ve earned. But there are ways to simplify money management so you can spend more time enjoying your money and less time stressing over it.

Here are a few suggestions:

  1. Automate Bills – Set your bills to Auto Pay, or at least pay them online. The need to write checks is a thing of the past for most vendors accepting payments. You can even do this from your phone while watching TV!
  2. Automate Savings – Finding extra money to put away in savings can be stressful and challenging. Instead of stressing over it, automate it. Whenever you get paid, make it a point to put a scheduled amount away into savings. That way you are tempted to spend it.
  3. Get A Raise – If you are not making enough money, or if you just feel your skills demand a higher salary, one thing you can do is look for another job. But that can be a job in and of itself. Asking for a raise allows you to stay with the familiar while increasing your income. But be careful, the wrong approach can cause more harm than good. Done properly, asking for a raise can have a huge upside in both your wallet and bank account.
  4. Automate Shopping – Searching for bargains can save you a bundle, but it often comes at a cost. Finding which stores carry which discounts, in addition to the time it takes to track down those deals, can make bargain hunting a headache. Instead use a company like Amazon and sign up for subscription services where products are shipped to you in the intervals you chose and at a discount!
  5. Co-Op Buying – When purchasing large ticket items that are used infrequently such as yard equipment or ladders, consider asking a friend of neighbor to split the purchase with you. That way you both save and still have access to the item whenever you need it.

No matter how you look at your finances, it is possible to live both frugally and stress-free. It just requires some creativity and discipline.


About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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