Home > 2013 > Personal Finance

The Lazy Man’s Guide to Money Management

Advertiser Disclosure Comments 0 Comments

This post originally appeared on Money Talks News.

Working is tough. And then there’s the chore of having to manage the money you make as you toil in the workplace. Leaves too little time to sit around in your underwear and catch pretzel bites in your mouth, right?

Not necessarily. Money Talks News founder Stacy Johnson takes a look at smart ways lazy people can manage their money without breaking a sweat.

1. Auto-Pay Your Bills

Writing checks is a pain. Instead, let your computer do the work. Many companies that regularly bill you – like your Internet provider and the utility company — will let you enroll in automatic payment. Visit their websites to see how to sign up. Just remember to regularly review your bank statement online to be sure it’s working right.

Worried about overdrawing your bank account? Try an app like Mint.com’s, which will alert you if your bank account is falling below a certain balance. Now you can sleep right through the due date on your bills.

2. Auto-Pay Yourself

Thinking about how much to save this month is just another distraction from doing nothing. First, get your employer to direct deposit your paycheck. Then go to your bank’s website and allocate a certain amount to be taken out of your checking account and put into your savings account on payday.

3. Ask For More Money

If you need to make more money, don’t look for additional work! Instead, ask your boss for a raise. But before that, use your lounging time to read up on how to get your boss to go along.

4. Mail Order Subscriptions

Going to the drugstore for prescription pills? Heading out to shop for dog food? Ugh. Do yourself a favor and handle some of your common purchases with a mail order subscription. Not only can you substitute a trip to the pharmacy with a nap, you can also save money.

It sounds obvious, but be sure to compare subscription costs. You’re not going to save money if the subscription price is more than the regular cost.

5. The Buddy System

Some items you rarely use around the house really aren’t worth your precious time and effort to buy, let alone research and read reviews about first. Go in with a neighbor or friend to buy things like ladders, power tools, hand trucks or even lawnmowers. If you’re really lucky, that neighbor already knows the best brands to buy. Or, if you’re really lazy, ask to borrow it. Remember to return the item before your nap.

6. Shop Generic

Eventually, you will have to go to the store. But making price comparisons to get the best deal can be such a hassle. Here’s a solution: Just buy generic when you can. Generic products are often just as good as the name-brand stuff. Even generic batteries can get the job done.

7. Skip the Dump

Let’s say you have a broken clothes dryer, but you’re way too lazy to haul it in a truck to the landfill or dump. Did you know you can get someone to take stuff you no longer want off your hands for free? Put it outside on the curb and place a free notice on FreeCycle.org and Craigslist. If the item doesn’t operate properly, make sure you point that out. But in all likelihood someone will still come and pick it up.

Image: iStockphoto

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Our Owners

Credit.com is owned by Progrexion Holdings Inc. which is the owner and administrator of a number of business related to credit and credit repair, including CreditRepair.com, and eFolks. In addition, Progrexion also provides services to Lexington Law Firm as a third party provider. Despite being owned by Progrexion, it is not the role of the Credit.com editorial team to advocate the use of the company’s other services. In articles, reporters may mention credit repair as an option, for example, but we’ll also be sure to note the various alternatives to that service. Furthermore, you may see ads for credit repair services on Credit.com, but the editorial team isn’t responsible for the creation or implementation of those ads, anymore than reporters for the New York Times or Washington Post are responsible for the ads on their sites.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team