Paying your bills on time may be a difficult task for many people. Between work, school and taking your kids to various activities one or many bills may easily slip past your mind. Forgetting to pay a bill can cause extreme frustration in your family. Forgetting to pay your electric bill could cause the company to shut off your power. Forgetting to pay your phone bill may cause you to be without a phone for a while. Both of these bills are important to keep your family and life on track. There are several different tips that you can do to remember to pay your bills.
Keep bills organized. When you
get them in the mail, keep them in one area.
Instead of throwing them on the counter and allowing them to pile up,
take them directly to your area where you are going to store them. This
will prevent you from misplacing them and forgetting about them.
Write the due date on your calendar. Since each bill has a different due date, it is important to write each bill you have on your calendar. Forgetting to pay a bill could lead to problems. Paying your bills late can lower your credit and may effect your chances of getting a loan in the future. Be sure to pay your bill at least a week before the due date so it is able to get mailed and processed in the correct amount of time.
Put aside 15 minutes a night to
give yourself reminders of your bills.
These 15 minutes are crucial so you don't forget about anything. Even if you don't have to pay any bills that
night, it is helpful to look at your bills and compare them each month. This is a great way to find ways you can
lower your bills as well. During these
15 minutes you can think of ways to cut costs on your electric bills or even
remove extra options that cause your phone bill to go up. Every little bit can help.
Set up automatic payments. Paper bills may get lost on the counter and e-bills may be forgotten about or put in your spam folder. You can have each company set up automatic payment options so your bills can be paid on the due date each month. Be sure to write this down on your calendar so you don't forget when the money is going to be deducted from your account. The last thing you want is to not have enough money to cover your bills. For bills that you aren't sure what the cost is going to be, it is best to estimate at least $50 more so you can guarantee yourself that you will have enough. It is better to have more than not enough.
By keeping these tips in mind you can be on your way to always pay your bills on time. This may take little effort for some, and a lot for others, but either way you are making a great decision.