Automate your debt payments from "summary" of The Automatic Millionaire, Expanded and Updated by David Bach
One of the key principles to building wealth automatically is to set up your debt payments to be automated. This means that instead of manually making payments each month, you arrange for your payments to be deducted automatically from your bank account. By doing this, you ensure that your debt obligations are being met on time, every time, without you having to think about it. Automating your debt payments is a simple and effective way to stay on top of your financial responsibilities. It takes the guesswork out of remembering due dates and eliminates the risk of missing a payment, which can result in late fees and damage to your credit score. By setting up automatic payments, you can rest easy knowing that your debts are being taken care of without any effort on your part. Another benefit ...
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