Automate Your Finances Now (Strike When the Iron is Hot)

Money. You think about it when you buy things, and when you go to work. You think about it in your business dealings, and in your conversations at home with family.

Money plays a big role in our lives.

Yet, even though we think about money a great deal every day, we spend very little time actually doing something productive regarding our personal finances. Automating your finances through free services, such as bill pay and Personal Capital, can mean making sure everything is on track while not spending a whole lot of time on your finances. 

That’s because we don’t always have the motivation to do something.

Strike When the Iron is Hot!

Every once in a while though, we get inspired. We read something or have a conversation or simply find time in our schedule. We get all fired up to get our finances in order: to save more, get rid of debt, or start investing.

It’s crucial that we use this moment to really make some big changes in our finances. Who knows when the time or inspiration will return. To use an old blacksmithing term, we need to strike when the iron is hot.

A blacksmith knows the importance of taking action at the right time. Once the metal cools down it isn’t easy to form it into the shape he wants.

We should think about our finances the same way. Take long-lasting action when you find the motivation.

In the past, it was easy for this flash moment to come, we make some changes and then move on to the next thing, with those changes not having any lasting impact on our success with money.

Automation is the New Discipline

Now more than ever, it’s so easy to take advantage of automated tools that once set in motion, can have a permanent impact on our finances. Let’s look at a few things you can do to act next time the motivation to do so is there:

The good thing about today’s financial world is that you can find the motivation once, set it all up, and then forget about it for a while. You don’t have to rely on discipline or trying harder next time.

Now there are still some things that will prevent you from taking action. Along with automatic savings tools you’ve got information overload and what can seem like too many choices to make.

My best advice here is to keep things simple, use trusted tools, and start small with all your efforts.

I’ve found that it’s far more valuable to get in the act of saving/debt reduction/investing than it is to perfect it. Once you’re in motion you can make tweaks and fine-tune the financial system you’ve created.

But it’s never easier to take action than when you find that once-a-month or once-a-year motivation.

Strike when the iron is hot.

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About Philip Taylor, CPA

Philip Taylor, aka "PT", is a CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of the personal finance industry conference and trade show, FinCon.

He created Part-Time Money® back in 2007 to share his advice on money, hold himself accountable (while paying off over $75k in debt), and to meet others passionate about moving toward financial independence.


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  1. Great topic. That initial motivation to make a needed change can slip through our fingers if we don’t take action now. Thanks for the advise.

  2. Zach @College for 10k says

    I have been adding money to my Roth IRA for the past few months. I can’t do much now, but I know that by the time I retire, I’ll have a great sum in there 🙂