Weekend Linkage: Pay Your Bills, Track Your Spending and Build Wealth

by Jason Unger

Now that I’m back on track (and mostly settled into the new house), let’s take a look at some of the posts that caught my eye over the past week.

Budgets are Sexy says to “Look At Bill, Pay The Bill, Forget About Bill.” Better managing your bill payment — especially automating them — can improve your overall money management skills.

At Man vs. Debt, Baker says Track Your Spending: The First Battle In The War On Debt. This is absolutely the truth. When you know where your money is going, you can better budget and establish spending targets for the future.

If you’re looking to get out of debt (my current savings goal, too), consider automating your debt payments; you can save serious money doing it.

In Automatic Finances, I advise having one central checking account used for direct deposit of income, bill payments and transfers to savings and investments. David Weliver at Money Under 30 asks: How Much Money Is In Your Checking Account?

Besides my financial cushion, I keep around $2000 in my central checking account at any one time.

Finally, The Happy Rock features a guest post from DebtKid called 4 Simple Tips To Improve Your Wealth Building Skills. It’s during the down times like now that real wealth is built: are you ready to build yours?

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