Lending Club Blog

Personal Money Management – The Lazy Techie’s Guide

Let’s be honest here. You’re lazy. It’s OK. We all are sometimes. The good news is that technology has made personal money management help easy – even for lazy people like you.
In this guide, you’ll get two suggestions for a range of financial categories (Budgeting, Spending, Investing, Saving, and Debt Reduction). If you’re really feeling ambitious, try the “advanced” option. For you real lazy bums, just stick to the “basic” option.
Acting financial advisor says “Listen Up!”
You still with me, as I offer a bit of investment advice and other tips for a moment? Drink some coffee if you need to! If you’re alert enough to read this, you can follow these simple steps to improve your financial planning and health (we’ll talk about your beer belly later).
Budgeting Money
Basic: Google Docs Spreadsheet. List all of your expected bills in one column. List your actual expenses from last month in another. Categorize as needed (e.g. healthcare expenses, legal expenses, etc.). Reconcile and update often, and add new columns each month. Bam! You’ve got more than just an expense report. You’ve got a personal budget.
Advanced: Manage and analyze your bank accounts and credit card accounts with new startups Geezeo or Mint. Your transactions will be auto-tagged for easy budgeting. Understanding your budget will help you identify opportunities for saving and investing as well as potential borrowing needs. Zing!
Spending Money
Basic: Don’t use cash. To harness the power of online finance applications, you need to spend with a debit or credit card. Stick to 1 credit or debit card. Keep a $20 in your wallet for emergencies, but always use your card whenever possible.
Advanced: Stick to the basics on this one.
Saving and Investing Money
Basic: Ask your employer to set up a direct deposit of a percentage of your paycheck into an online savings account. If you don’t see it, you can’t spend it.
Advanced: Become a lender on Lending Club. You’ll earn great returns with just a few mouse clicks. And you don’t even have to wear a cheesy banker hat.
Debt Consolidation + Debt Reduction = Debt Relief
Basic: Spend less. Spend less. Spend less. Get it?
Advanced: Call your credit card companies and negotiate a low interest rate, something substantially lower than what you’re getting now. Just a few phone calls could save you hundreds each month. Your providers may currently offer a low-interest credit card option you don’t yet know about. When it comes to being smart about how to pay off credit cards, consider how many you really need in the long run. Additionally or alternatively, refinance your high-interest credit card debt with a personal loan from Lending Club. Debt be gone!
Wow. See, you made it to the end. I told you it was an easy guide! Congrats!

Tuesday, January 8th, 2008 at 11:10 am

Comments (3)

  1. […] Also, I have a post up today over at lending club about basic
    finance tips for lazy tech’s. […]

    January 8th, 2008 at 1:27 pm

  2. You’re telling me that I’m Lazy? I’m kidding with… great article.

    January 8th, 2008 at 5:33 pm

  3. I am trying the envelope method this year which limits most
    purchases to cash instead of a card.

    January 10th, 2008 at 8:58 pm


5 Ways to Get Your Finances Ready for the Holidays

How to Build a Budget: Part 1

The State of Debt: 2016

Types of Loans 101

See more
Lending Club Awards
  • Archives z

Recent Posts

5 Ways to Get Your Finances Ready for the Holidays

Read More »
December 1, 2016

How to Build a Budget: Part 1

Living on a budget. It can sound scary, right?… Read More »
November 21, 2016

Five Signs Your Business Needs Capital

Knowing when your business needs working capital— and promptly… Read More »
November 10, 2016

How does a car refinance loan work?

Whether your goal is to lower your monthly car… Read More »
November 2, 2016

Are you paying too much for your auto loan?

How refinancing your auto loan with a better rate… Read More »
October 25, 2016

The State of Debt: 2016

Politics can be a divisive topic, where issues and… Read More »
October 24, 2016

Lending Club Teams Up with United MileagePlus® to Offer Customers More

  When it comes to… Read More »
October 21, 2016

Patrick Dunne: A Message to Investors

I wanted to take a moment to introduce myself… Read More »
September 29, 2016

Line of Credit vs. Loan

Lines of credit (LOCs) and small business term loans… Read More »
September 28, 2016

Types of Loans 101

There are many types of loans out there and… Read More »
September 16, 2016


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w