[orev]

This is a dangerous line of thinking and eventually most young people who think this way will get burned. So you have everything setup as autopay, and then you have no idea what you’re spending on anything. And then there are incorrect or fraudulent charges on your account and you never notice them, or maybe you do but you can’t dispute it because you didn’t notice them for past 6 months and since you paid them previously, the bank closes your dispute because you previously paid them which shows that you accept the charges. Or some service you use starts slowly increasing the price/fees and you never notice, so you never call to complain about it, and then companies start getting away with doing this all the time when they decide they want more money.

There’s a reason people sit down, review bills and their accounts, and actively keep track of things, and it’s not because they are just old and doing things the old way. It’s because if you are not really paying attention, companies will try to screw you. And no, having some central system that shows you pretty graphs of your spending doesn’t help with this either unless you are really spending time studying the report at least every few weeks.

[bhum]

In the UK, you can use one of the challenger banks like Starling or Monzo. They not only show you "pretty graphs", but give you spending notifications and keep track of your direct debits, standing orders etc. So I don't see a reason to do this all manually yourself, which can also be error prone.