Saving money can feel difficult and overwhelming as you get caught up in the day-to-day responsibilities of being a top-producing agent. Automating aspects of your business, like bills and finances, frees up time to focus on higher value-add tasks that directly produce income and help you acquire new clients. And with technology, automation is simpler and more efficient than ever before.
Here are the most practical ways to incorporate automation into your finance routine and help your real estate business—and your life—run smoother.
Automate budgeting
Budgeting is still the foundation of financial stability. It’s helpful to know how much you can spend on personal entertainment in any given month versus for things like client appreciation events—and, of course, ensuring you still have enough money to pay your bills. Tiller takes the pain out of budgeting so you won’t forget.
Tiller allows you to track all your expenses painlessly. Purchase categories are assigned automatically, enabling you to see where your money is going monthly.
If you are satisfied with your spending habits, you can use the data to plan and make future budgets. Other users of the app say that the automated features are what makes Tiller the fastest and simplest way to budget on a regular basis. And what real estate agent doesn’t appreciate fast and simple?
Automate spending
Moven is technically two separate but linked tools: an app-based budgeting program, and a cash management account with checking and savings features, and you can sign up for one or both.
The Moven app is full of handy insights into how you are spending your money. You’ll get a notice every time you make a purchase that includes a spending meter showing if you are on track or a warning that your spending is getting a little out of hand. It also includes person-to-person payments, direct deposit, bank account transfers, a MasterCard debit card and contactless payment options.
Automate saving
The saying is true: A little bit adds up over time. When it comes to putting money away, you can set up an automatic transfer with your bank every month, or go the extra mile and use an app that puts tiny amounts away for you while also offering more.
The Qapital app is a good option for those real estate agents who want to turn everyday activities into ways to save, and because you are saving through your regular routine, you will hardly notice it’s happening. It also establishes savings goals and helps you create a budget to help you reach those goals.
For more business automation tips, check out the webinar recording “Automate Your Business to Increase Efficiency,” available at CRS.com/recordings.
Photo: iStock.com/alashi
