The days of obsessively checking your bank accounts and tech stocks have likely given way to the somewhat more pressing need of getting through the busy day with baby in tow. Until you are able to emerge from the fog, make sure you’re taking care of these bare-minimum money saving strategies and getting any outside help you need.

Instead of keeping the bulk of your money in a zero-interest checking account, put it in a savings account that’s accessible online. The money will be earning interest while you decide if and when you want to invest it somewhere–and since you can make an online transfer to checking via computer anytime you like, you won’t have to worry about tying up the cash.

Before your salary ends up in your checking account, have a percentage deposited directly into either an investment or a savings account (5 percent is a good start). The “hiding” will help ensure that you don’t spend everything you earn right away. Lastly, if you have a 401(k) through work, make sure you’re investing as high a percentage of your salary in it as you can afford.

PAY YOUR BILLS ONLINE (and on time!)
When you’re busy, services that remember bills for you (thereby protecting you against late fees) are a godsend. Go online to arrange automatic bill payments. And if you employ a nanny, check out, which calculates employees’ hourly rates for you, reminds you to pay them, and can even set up direct deposit.


Call a Stockbroker, an Accountant or a Credit Counselor. What’s the difference?

A Stockbroker: If you’re uncomfortable doing (and understanding) your own research on the stock market, consider hiring a broker, who can educate and advise you on your investments. Ask that friend with the brand-new pool whom she trusts (as long as you trust her).

An Accountant: A professional can be helpful if you’ve recently been audited; you run your own company; your children have their own assets; or you’ve recently gone through a job change, marriage, divorce, or move. Ask coworkers for referrals; their CPAs should be familiar with your type of business expenses.

A Credit Counselor: If collection agencies are hassling you, it’s probably time for outside help. To find a reputable counselor, ask friends for referrals. The Federal Trade Commission says organizations that offer face-to-face meetings are often more trustworthy than those that work only online or by phone.


One Comment

  1. Eli R says:

    We are using online tools to teach our kids about money and making smart financial decisions as well as tracking the kids funds and allowances from the web and our mobile devices. Cool post!


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