023: Finance: Batch Processing

Topics
What is batch processing?
When is it useful?
How it helps
What is batch processing?
When you have several tasks to do, you lump them all together and take care of them all at the same time.
When is it useful?
An example might be when you have bills to pay or receipts to enter into your budget. You can do this at a set time each week or month, and do it regularly and all at the same time.
Reconciling bank statements need to be taken care of about the same time each month.
Another example might be when you have several phone calls to take care of. Find a time when you know it will be quiet with few distractions.
Doing laundry, going grocery shopping and running errands can be batch processed. It's also more economical to run several errands at the same time, saving gas and time, rather than taking lots of little trips. Keep in mind though, that it may take more preplanning in order to take care of everything at once.
Going through email can also be batch processed. That's more pro