How to Automate Your Personal Finances

Automating your money means setting things up once so your bills get paid, savings grow, and debt stays under control—without you constantly thinking about it.

Start by Running Everything Through KOHO Essential

With KOHO Essential:

• It has a low monthly plan fee that can be waived when you set up direct deposit or add +$1,000.

• Use a prepaid Mastercard® for groceries, bills, subscriptions, and travel.

• Grow your savings with a 2% interest savings rate on your entire balance.

• Earn 1% cash back on groceries, eating & drinking, and transportation.

• You can subscribe to Credit Building for $10/month, it's an affordable way to build your credit history.

• Enjoy unlimited transactions and free e-transfers (never worry about fees when sending money to someone again).

1. Automate Your Income

• Ask your employer to send your pay directly to KOHO.

• If you get paid from different sources, set up regular e-transfers or bank transfers right after payday.

2. Automate Your Savings

Once money hits:

• Set a fixed amount (even $25–$100 per pay) to move into a savings goal.

• Treat that move like a bill—non-negotiable.

Your balance earns 2% interest, so the money you’ve set aside doesn’t just sit there.

3. Automate Bills and Subscriptions

• Put recurring bills (streaming, phone, small subscriptions) on your KOHO Essential card where it makes sense.

• Keep a dedicated buffer in KOHO to cover those fixed amounts.

That way, bills get paid automatically, and you can see them clearly in one place instead of scattered across cards and accounts.

4. Automate Credit Building

If you’re working on your credit:

• Subscribe to Credit Building inside the KOHO app.

That adds a small, predictable monthly obligation that can help build history while everything else stays on autopilot.

5. Automate Check-ins (Not Just Payments)

Automation doesn’t mean ignoring your money—it just removes the grunt work.

• Pick one day a month to open the app, check:

  • Savings progress

  • Upcoming bills

  • Recent spending

If something looks off, you can tweak the amounts you’re automatically moving into savings or using for bills.