There aren't many drawbacks to automating your finances, but one you occasionally encounter is having to update all of your bills when you get a new credit or debit card. To make it easier, finance writer J.Money suggests making a list of every account linked to your cards.
Photo by Sean MacEntee.
Maybe your card info was hacked and you had to order a new one. Or maybe you got a new chip credit card and your old one no longer works. Whatever the scenario, it can be a minor pain to go through all of the accounts linked to your card. Having a list of those accounts on hand is incredibly useful when that happens.
Over at Budgets Are Sexy, J. Money points to a couple of other reasons why this tip is helpful.
- It makes updating your new card everywhere MUCH faster
- It prevents any late fees from happening, or worse — shutting off of services since you don't forget where it's all listed anymore!
- It keeps stress levels as low as possible
- And it forces you to re-evaluate all the services/apps/products/bills you have to see if it's still worth including in your life.
All it takes is sitting down and making a list once, and then as you link new accounts, simply add them to the list. For more detail, head to J.Money's full post.
TIP: Make a list of where all your credit cards are listed! [Budgets Are Sexy]