Personal Finance

The Lazy Man’s Guide to Money Management

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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

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