Click. Check!
7 April 2008 by gildedbutterfly
I love online account management. Really. Love. It. 
Logged onto my accounts at lunchtime today to get everything squared away so that my automatic savings are in line with my new savings goals. First, I spent about 3 minutes logging into my 401(k) account and changing my contribution rate from 8% to 10%. Check! Done.
Then I spent another 5-10 minutes logging onto my company’s benefits page and changing my direct deposit amounts. As some of you know, I have a certain amount directly deposited into my emergency fund savings account each pay period. While I was paying off my credit cards, I put $50 per pay period into that account, for a total of $100 per month. (Plus a little extra that I deposited manually to round off the number to the nearest $25 at the end of the month.) Today, I changed that $50 per pay period to $600 per pay period, for a total of $1200 per month. Wow! That’s tight, and I already know that there’s probably going to be months when I’ll have to take some of that out of my emergency fund, but I figure it’s better to have my automatic savings contribution high and have to take some out on occasion than to have it low and spend all the extra because I can see it in my account.
Anyway, so there’s my good financial deed for the day! What on earth did we do before all this online account access?!
Nice job! That’s a lot for one day. I so wish my 401k were accessible online. i have to do everything through HR and it takes a month for changes to take effect.