Automating financial tasks sounds like the perfect way to check mundane items like saving and paying bills off your to-do list with minimal effort. But there’s a potential downside to giving up manual control.
When you automate bills, you may be less likely to review them and notice errors, or to catch yourself overspending. When you automate savings, you might forget to make adjustments as your goals or income change. As certified financial planner Catalina Franco-Cicero puts it, “Somebody has to make a decision and it should be a human, not a machine.” That’s why she suggests using automation in conjunction with frequent reviews and updates.
…