Do You Pay Bills Ahead of Time or Wait Till The Last Minute Or Auto Withdrawal?

Since I'm not getting any younger, all my bills are on automatic payment directly initiated by the credit card companies. I used to have it so it was intiated by my bank but realized it would be easier and less time consuming using direct debit for my son and grandson, who would take care of business for me should I become unable to do it myself. The bills are paid on the due dates set by the credit card and utility companies.
 

We have all of our bills set up to be paid X amount $$$ every two weeks so we a never get a bill only an statement to say we are in credit for council rates / water / which are due every 12 weeks
We have solar panels for electricity so we don’t pay anything for that ,we are in credit.
We do have a account come each March for our ambulance cover which we pay as soon as we get it so we don’t forget.
All our insurances car / home / caravan come out automatically each month, NO credit cards or store accounts
if we can’t pay for it we don’t have it
 
I pay all our bills except insurance on the last day of the month or the 1st day of the month. Benefit insurance from work comes out the 10th, and car and house insurance are come out automatically on the 20th of each month...
 

Auto-pay for everything that is monthly, any other accounts, I pay directly from my bank as soon as I get a text notification of any balance.
 
I use my Bank to pay my bills. I did have my utility bills on auto pay. They started charging $3+ for it. My house and garage are separate. So I would have to pay around $7 extra.
 
Aunt Bea said:
I'm still in total control of paying my bills.

Most of the companies send a steady stream of emails telling what the payment is when it will be taken and finally when it has actually been processed.

The automatic payment feature can be changed or disabled at any time.

If you want to stick a toe in the water start with an item that won't impact your credit reports like the utilities or internet service. Set it up and watch it to be sure that you've done it correctly. After a couple of months set up another until eventually all of the routine bills are automated.
Click to expand...


That's good advice, I have one payment on auto pay via checking (BCBS gives me a 6% discount), but others are via CC.

With a CC you do have to be sure when you get a new CC (expiration date and three digit code changes) to update those accounts. BoA is very easy to navigate. My son has a Wells Fargo account and it's a nightmare. I use ebill on some accounts.
 
I use automatic withdrawal for as many bills as possible and pay all others online through my bank I never pay late but unlike my husband (who would pay as soon as a bill hit the mailbox) I have things set up to pay a few days early.
 
Do some auto withdrawal.....now that i've expanded some computer skills, i do a fair bit online bill paying.....don't get too excited on my announced tech skills.....if you only knew how long this learning thing on computers takes me. 🙃🙃🙃
 

You must log in or register to reply here.

Back
Top