I too have read the "Automatic Millionaire" and do agree with most of was talked about in the book. I also agree with cptacek. Its good to have stuff set up automatically but you sill have to make sure you have the money in the account to do so. I have my 401k, mortgage, savings (EF) all set up automatically. Every month when I get my bills I put them in bill pay online, so that I know when its paid and how much I have left in the account. When the bills are paid I keep so much in my checking for other things. The way I keep track of it all is I have a note pad that I write down everything I spend and the balance in the account. Then 3 times a week I update the spreadsheet and check it with the bank to make sure it is right.
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