3. Money systems

Setting up for success

If your rent or mortgage is currently up to date, you’re already using a system even if you’re not aware of it.

It’s worth setting up a system to pay bills on time, pay your car rego, or put money aside for holidays or a rainy day.

Having a system means you rely less on yourself and your willpower — it can make the process automatic. A system can give you peace of mind, reduce late payment fees, help you have fun and do the things you value. Different financial goals will require different systems.

Kicking goals with systems

Systems and automation are the way to deliver on your goals. That’s why we cover lots of systems in You’re The Boss, including:

• Organising paperwork
• Paying bills on time
• A Money Plan
• Saving
• Meal planning

Where’s the fun of a system?

If fun or impulsive activities are important to you, here’s how you can still do them reasonably:

• Put ‘play money’ into your budget for your hobby
• Set aside time for creativity and relaxation in your weekly calendar
• Budget for that unexpected coffee with a friend
• And organise it all in a funkycoloured folder!