- I’m all for systems that translate into as little work as possible to maintain. Auto-draft should be your best friend when it comes to paying bills. Sitting at your table writing checks or navigating to each website to pay bills is so 2004. That doesn’t give you license to not pay attention, though. I still get paper bills so that I have to open them and see them each month.
– Auto-draft is also how you ought to be investing! Take a lesson from the Ronco Showtime Rotisserie, and “Set it and forget it!” Your 401(k) and traditional IRA should be coming from your paycheck before you see it, and your Roth IRA and other non-retirement investments can be drafted directly from your checking account. […]