Doctors are busy.  Luckily, you don’t have to spend much time on financial chores compared to what was needed in the past.  Nearly every step can be automated.   David Bach even wrote a series of books about how to become a millionaire “automatically.”  Here are some steps you can take to automate your financial life and help you reach your goals of financial freedom:

# 1 Automatic Paycheck Deposit

Put your paychecks on automatic deposit. Most people have been doing this for years. If you haven’t, get with the program.

# 2 Automatic Bill Payments

Put all your bills on automatic payment — mortgage, utilities, insurance payments, credit card payments (for the full amount each month I hope), student loan payments, child support, alimony, and car payments (if you must buy a depreciating asset on credit.)

# 3 Automatic Investing

Put your investments on autopilot. You can have your 401K/profit-sharing plan contributions automatically deducted from your paycheck before you ever see it.  IRA contributions can also be taken out of your checking account each month automatically.  In fact, so can any investment even in a taxable account or a 529 for your children.  This helps you to pay yourself first, and this habit will lead you to financial independence.  Remember, you’ll need to save 15-25% of your income toward retirement.  Start today, and make it automatic.

# 4 Deposit Checks at Home

Get a checking account that allows you to deposit at home.  Any physical checks I receive are scanned at home and deposited directly into my checking account on my bank’s website. In fact, now I can make deposits from anywhere using my smart phone.

# 5 Use Credit Cards Instead of Cash

Use credit card instead of cash.  Now, I only advocate this if you have the discipline to pay off your credit card every month, and you should also be aware that there are several studies out there that show you actually spend more when using plastic instead of cash.  But this can really simplify your finances.  Instead of having dozens of transactions coming in and out of your checking account each month, you only have one.  You can even get rewards from the credit card company that can add up to several hundred dollars or even thousands over the course of the year.  The best part to me is that I never need much cash.  Neither my wife nor I has visited an ATM in the last 3 months, and it has been years since I set foot inside a bank.

# 6 Automatic Transfers/Bill Pay

Pay your kid’s allowance with automatic transfers.  Again, saves a trip to the ATM each month. Your bank’s bill pay function can be used for this if needed.

# 7 Automatic Tax Payments

Pay your taxes automatically.  W-2 employees have taxes withheld, but even independent contractors can set up quarterly estimated payments to come out automatically.  The amount owed at the end of the year can be paid over the internet as well-just watch out for fees that are sometimes charged.

# 8 Automatic Gifts and Payments to Friends/Family

Gifts and payments to friends can be paid with your Paypal account or a free digital wallet like Venmo.  There is no additional fee and it comes directly out of your checking account (or can be transferred directly into your checking account) without the hassle of using checks.

Which of these do you use? In what other ways have you automated your financial life? Comment below!