I saw this over at How I Save Money who saw it at Budgets Are Sexy who saw it at over at Automatic Finances. I thought it was a pretty cool idea so I figured I'd steal it and do my own post on it.
(1) How do you spend: cash, debit or credit? The majority of my transactions are made by debit card or credit card. I hardly ever use cash because whenever I have it, it always seem to disappear and I have no clue where it went. For larger purchases, I use 1 of my 2 credit cards that gives me cash back or rewards for using my credit card. I use a couple of checks each month to pay for the mortgage on my rental property (they charge to pay online) and to pay my trash bills.
(2) Do you bank online? How about use a financial aggregator (Mint, Wesabe, Yodlee, etc.)? I love online banking and I don't know what I would do without it. I usually check my accounts at least once a day to make sure everything is going okay. I use Mint to get an overall view of my finances and also to check on those accounts that are rarely used.
(3)What recurring bills do you have set on autopay? None. I have a problem with billers being able to go in and debit my account automatically each month. I have no problem paying the bill online as long as I initiate the transaction. I just have a huge fear of them making a mistake and withdrawing $3000 instead of $30.00. I know it would be a huge headache for me to correct the error and I'd rather avoid going through the hassle.
(4)How are your finances automated? My 401k contributions are made automatically and my paycheck is direct deposited. I setup automatic deposits to my savings account.
(5)Do you write checks? If so, how often? I'm still a geek when it comes to checks. I actually like writing checks. I don't write that many but I'm sure I write more than most people these days. No, I'm not one of those people that holds up the line in the grocery store. I'm all about the debit card for that.
(6)Where do you stash your short-term savings? Short term savings are safely tucked away in a money market account at my local credit union. The rate is not the highest but it is among one of the best rates I can get right now.
How about you? Let's hear 6 things about your finances.