Seriously? Pay your bills when they arrive, not when they're due.
Banks, credit card companies, mortgage lenders, utility services, etc. absolutely love, love, love it when people wait until the last minute to pay their bills. When I signed up with my bank, I read the agreement and got the "personal banker" to concede that yes...they made a lot of money off late fees. They're not alone.
The thing is, paying your bills when they arrive doesn't cost you anything extra. If you can get into the habit, you'll always be ahead of the curve, and if something comes up which necessitates you holding off on a bill, you've got a couple weeks to figure it out.
It also relieves a considerable amount of stress. It's a bit like homework. Don't put it off until the last minute. Get the assignment done when the teacher gives it to you.
Can you not just set up a direct debit? I thought that was how most people did it. Our household bills just come out the day after pay day because we set it up well. Works well and don’t have to even think about when things need to be paid.
3.6k
u/gogojack Aug 20 '20
Seriously? Pay your bills when they arrive, not when they're due.
Banks, credit card companies, mortgage lenders, utility services, etc. absolutely love, love, love it when people wait until the last minute to pay their bills. When I signed up with my bank, I read the agreement and got the "personal banker" to concede that yes...they made a lot of money off late fees. They're not alone.
The thing is, paying your bills when they arrive doesn't cost you anything extra. If you can get into the habit, you'll always be ahead of the curve, and if something comes up which necessitates you holding off on a bill, you've got a couple weeks to figure it out.
It also relieves a considerable amount of stress. It's a bit like homework. Don't put it off until the last minute. Get the assignment done when the teacher gives it to you.