Automate Your Finances

Automate your finances with the five minute monthly finances system, depositing income and paying bills through an umbrella that manages recurring expenses in five minutes each month.

Collect three types of accounts, including checking accounts and a credit card, download the Umbrello worksheet, and use it to guide five minutes of financial monitoring to automate your finances.

Download the Brother worksheet from the post-video link in Excel, Open Office, or Google spreadsheet formats and start using it in your preferred tool on Google Drive.

Explore the Umbrello worksheet with three sheets—instructions, dashboard, and account credentials—and learn how color coded cells indicate data entry, auto populate fields, and dropdowns for responsibility.

Describe the dashboard sections: income, expenses and savings, umbrella and checking accounts, overview with cash flow, percent of income, buffer, daily budget, and non-recurring expenses.

Rate and review the Automate Your Finances course to share its value and how you’re applying the lessons. A quick 30-second rating helps others discover and benefit from the material.

Identify income sources and follow six steps to fill fixed, variable, paid-in-full, debt, taxes, and miscellaneous expenses, then allocate the rest to savings such as IRA, HSA, or emergency fund.

Create an umbrella buffer by overfunding your umbrella account with a chosen percentage of total expenses, such as 4 percent, to cover flexible costs and grow your emergency fund.

Obtain three accounts: a daily-use checking with a debit card, a second checking for recurring expenses, and a dedicated online credit card; set up auto transfers to pay the card.

Plug your three obtained accounts into the Umbrello worksheet, label them with unique names from your financial institution, and prepare to assign account responsibility to expenses.

Assign each expense to an umbrella account using the dropdown, then view dynamic totals showing how much each account covers via auto transfers.

Schedule auto transfers to an umbrella account on the 3rd to cover expenses with a two day safety net. Link recurring bills to the umbrella account.

Begin by fully funding your checking account with your total expenses to stay one month ahead, paying expenses month to month and securing future premium payments.

Rate and review this course in about 30 seconds to guide others to enroll. Go to the main course page and use the top right to leave rating and review.

Automate your finances with a five minute monthly process: auto deposit income, transfer to the Umbrello account, pay the credit card, and optimize recurring expenses, savings, and investments.

Set up checks and balances with digital notifications, calendar reminders, and email alerts to verify auto transfers and monitor your daily balance via mobile banking or Mint.com.

Set up three accounts, automate transfers and bill payments, and allocate income to cover expenses; use the five minute monthly finances process to boost savings and reduce mental burden.