5 Reasons You Should Automate Your Finances

March 07, 2022

Cameron Nuckols

Over the next several years, self-driving vehicles will flood our streets. Robot vacuums already clean our homes, and robot lawn mowers cut the grass. Even smart dishwashers automate our kitchens.

We live in an age of automation. Yet, most Americans do not automate a large part of their lives—their bank accounts.

At Dough, we are changing that. Automated personal finance gives freedom to focus on more important things like family.

Below are the top five reasons you should consider automating your finances today.

1. You will not miss bills or tax deadlines.

Autopay is nothing new. But beyond paying your bills, do you automatically put money into tax-advantaged accounts? Many banks will provide options to set this up, but it can be hard to manage. Dough specializes in this automation because it is so important to do it well. Each year that passes without deposits can result in missed wealth-compounding opportunities.

Accounts, such as a 401(k) or IRA, can receive automatic deposits. These accounts are a great place to start if you want to automate your finances. They can provide impactful differences to your financial well-being over the years.

2. You are less likely to make poor financial decisions.

Did you know that 1 in 5 Americans make financial decisions based on emotions? That is quite scary. You might make life-altering financial decisions based on if you had a good lunch or not. It could be an investment that you buy or a purchase you cannot afford.

What is nice about automation is that it removes emotions from the picture. Once the plan is in place, it will execute whether you have a good day or not. For this reason alone, it is wise for Americans to consider automating their finances. You are more likely to reach your financial goals when you set them up and forget about them.

3. You will dollar-cost average by default.

Many individuals struggle to invest because they worry that prices are too high when buying assets. This fear leads to a common problem known as timing the market. When individuals time the market, emotions take over, and they frequently make mistakes. One solution to this problem is to dollar-cost average. By buying investments on a given schedule, the investor can spread out and diversify risk.

Dollar-cost averaging is powerful because it removes emotion from the picture. As you automate your investments, dollar-cost averaging happens as a result.

4. It is easier to follow proven financial strategies.

Many wealth gurus exist, such as Dave Ramsey, Ramit Sethi, and others. If you want to follow a money plan that you or others have crafted, you'll want to set it up to happen by default.

Good excuses no longer exist for not setting your finances up for success.

5. You can focus on more important things.

Even though finance is vital in our day and age, money is a means to an end. It is a tool that can afford you the ultimate resource—time. Setting up your finances to work without supervision enables you to do what matters most with that time.


As you can see, there are many reasons for automation to be part of your financial life. If you have any questions about getting started, feel free to reach out to us at Dough. In the meantime, we will keep living our best lives in this world of automation.

Financial Automation