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Which financial tasks do you find most irksome?

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Richard Gore
Richard Gore
3 months ago

My first career was a CPA specializing in tax, but I don’t even do my own taxes anymore. They are all but impossible to do without software. Fortunately, my daughter is a CPA.

R Quinn
R Quinn
3 months ago

Only doing taxes. Everything else is pretty much on autopilot or requires a few clicks on my iPad.

Edwin Belen
Edwin Belen
3 months ago

I don’t find any of it irksome. I actually like tracking my spending and seeing how it lines up or not with my budget. I guess I’m a nerd but I’ve only done this for the last few years and probably should have for the last 25 or so 🤣

Mike Zaccardi
Mike Zaccardi
4 months ago

A few come to mind:

1) Taxes – it used to be such a simple tax when all I had was one W2 and a Roth IRA contribution. Now I have an LLC, multiple W2s, 401k, 457, 403b, HSA .. I suppose those are good things to have though! I’m also concerned that I’ll miss something or get a dreaded IRS letter or audit.

2) Rollovers & account transfers – I think we all have accounts all over the place these days. Particularly young folks like me who job hop! Keeping track of all of those and trying to keep the fees low can be a headache. Then the process of moving them to one brokerage firm can be burdensome.

3) Health care bills – It seems to be a black box of what I’ll pay out of pocket for health care expenses. I get the service, then hope it works out without too much financial pain.

Rick Connor
Rick Connor
4 months ago

Organizing and paying bills. I’ve moved to mostly electronic, so its better. I think the keys pay them as soon as they arrive. You may waste a few cents on the float, but you won’t be late.

R Quinn
R Quinn
3 months ago
Reply to  Rick Connor

I like having bills automatically taken from my bank account or charged to a credit card (for rewards). Very few of our ongoing bills are sent to us.

CJ
CJ
5 months ago

Taxes. HATE’EM – it’s needlessly complex, it’s time consuming. For years my investments weren’t tax efficient, so paid way more than I should have. Tried hiring professional help – they made more mistakes than I did lol.

I’m penalized by paying 2x the ss just because I get paid as a 1099 worker vs an employee – one of the most puzzling and unjust tax laws. I get few deductions since I’m single and hate debt, so no juicy mortgage deductions. ARRGH! lol

Marc Bisbal Arias
Marc Bisbal Arias
5 months ago

I hate tracking my expenses but have been doing it weekly nonetheless since 2015. It’s annoying and time-consuming, but it helps me see if I’m on track to reach my saving goals, why I might be falling short, understand where I’m spending most, etc.

Adam Grossman
Adam Grossman
5 months ago

Tracking my expenses. For decades I’ve been looking for a better way. I feel like I’ve tried them all — Quicken, QuickBooks, Mint, and more — and I’ve yet to find one that doesn’t require hours of tedious maintenance.

R Quinn
R Quinn
3 months ago
Reply to  Adam Grossman

But Adam, why do you track expenses? We need an article on this.

David Powell
David Powell
5 months ago

Hate paying bills and taxes. Our bills are almost entirely on auto-pilot. Taxes are done by an excellent accountant who’s also a great human being.

Sanjib Saha
Sanjib Saha
5 months ago

Doing my annual taxes tops the list. A close second is the precautionary tasks related to my identity theft. I need to periodically check my credit report and logon to financial accounts to spot any suspicious activities. I wish I could spend the time in better things.

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