With so many demands on our time these days, we really need to maximize our time as much as possible.
Fortunately, even though the pace of life seems to be increasing, there are many ways that we can save precious moments by automating certain tasks and utilizing technology to take care of some of the tedious responsibilities (that none of us really WANT to take care of).
What actions can tech take the weight off of?
Hand Writing Checks
Not only is it time-consuming, to manually write out checks for bills every month, it also takes time to mail and process checks. Plus, if you’ve ever stood behind someone in line who is trying to pay their electric bill at a grocery store (they exist) you know how annoying it is to stand behind them.
Automate and simplify the process by paying bills online. Today, there are many options to choose from based on your preferences, like:
• Electronic Bill Pay is a bank-provided service that sends payments to your vendors (electric company, phone service, etc.) from your account.
• Auto Bill Pay authorizes the vendor to automatically withdraw the amount of the bill every month from your banking account.
• Online Bill Pay Services are free and fee-based online services that receive bills, show monthly due amounts and provide vendor payments, all in one convenient location.
Many banks even have the ability to email or mail checks to non-businesses as well. This means that you can email money to your sister for her birthday or transfer funds directly to her account.
Manually Depositing Paychecks
Direct Deposit is available by even the smallest companies these days and provides tremendous benefit and time savings to you. Usually the funds are available earlier, sometimes midnight the night before your pay date. In addition, the funds are immediately accessible, making it easier and quicker to pay bills.
Most direct deposit options also allow you to set-up an automatic deposit to your savings account, making it easier to save money every month. You can denote a specific dollar amount or a percentage of the total paid.
There are also banks that allow you to stick your paycheck into the ATM and it will automatically scan and deposit money for you. Bank of America, and other banks have implemented this feature already.
Hand Writing Taxes
Let your computer do the manual calculations of taxes for you and benefit from a huge time savings every year. Noone really wants to sit down and go through their taxes by hand and lets face it. Unless we’re mathamatical whizzes with accounting degrees, we aren’t going to even know where to start.
Those “books” you see on TV are long gone- so many people are looking into software that can handle this for you.
Options include:
• Software Programs installed on your computer that allow you to input your tax information manually or electronically.
• Online Tax Preparation Services are free or fee-based services, approved by the IRS, that both collect and electronically submit your taxes.
Both options also provide the ability to periodically save your progress, allowing you to do your taxes five minutes at a time in-between your two-year old’s questions about their belly button and pulling dinner out of the oven.
Save even more time by having your Federal Return automatically deposited into your account instead of waiting weeks for a physical check. This means you can play and spend your money sooner. What?! I meant to say… this way you can responsibly save and not worry about needing money for while.
There may not be a way to safely speed up the time it takes to deliver a mini-van full of 6 year olds to soccer practice, but with suggestions like these, and online services such as Subscription.com, you can definitely save some time, money and potentially a lot of aggravation, too.
Eliminate some hassle and rework by streamlining some of life’s more laborious tasks and you might even find enough time in the day to take a deep breath before learning how to extract paint from your artistic child’s hair!