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The Meaningful Money Personal Finance Podcast

MMP113: Putting your finances on auto-pilot

The Meaningful Money Personal Finance Podcast

Pete Matthew

Education, Business, Investing

4.91.7K Ratings

🗓️ 10 June 2015

⏱️ 32 minutes

🧾️ Download transcript

Summary

This week we’re going to be talking about putting your finances on auto-pilot.  We all procrastinate on important decisions, and when those decisions have to be made regularly, such as how much to put aside each month for our future, they end up getting left altogether. The answer is to automate as much as possible to remove that decision making.

 

Don’t forget that MeaningfulUniversity is now open for enrolment. There is just one course on there at the moment; Learn How To Budget. More courses will follow, but LHTB will give you everything you need to KNOW and everything you need to DO to set and stick to a monthly budget. Check it out at meaningfuluniversity.com.

Transcript

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0:00.0

Hi folks and welcome to the Meaningful Money podcast session number 113.

0:06.0

Autopilot function has been destroyed. Manual operation only.

0:15.5

This is the podcast dedicated to helping you put your finances in order.

0:24.5

My name is Pete Matthew.

0:25.6

I'm going to share with you everything you need to know and everything you need to do to secure your financial future.

0:31.1

I'm here to help you make sense of money.

0:42.6

Woohoo! I still love that music. 113 sessions in, and I still like it.

0:45.5

I wonder about you.

0:47.3

Maybe it's something you endure or you press the sort of skip forward 30 seconds button on your podcatcher each week.

0:53.2

Who knows?

0:54.1

But here we are.

0:55.0

Session number 113. And today we're going to be talking about putting your finances on autopilot.

0:59.7

We all procrastinate on important decisions. Actually, perhaps I shouldn't say that. Perhaps it's just me.

1:05.5

Perhaps nobody else ever procrastinates on anything. But I imagine probably not.

1:10.7

But when the decisions that we have to

1:12.3

make, you know, have to be made regularly, like, you know, how much do we put aside this month

1:16.6

for our future, you know? Those decisions, they take up mental energy, and very often they just

1:22.4

get put aside, and that's obviously the worst thing you can happen. So the answer, to my mind,

1:27.1

is to automate as much

1:28.6

as possible when it comes to your personal finances on a month-to-month basis, because then that

1:32.8

removes the decision-making altogether, really, and your sort of system really just gets on

1:38.7

with it itself. So stay tuned for how that works in practice. Remember, meaningful university is open. Learn how to budget is the

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