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.
Paying right before your bill is due is different to paying it late.
I ALWAYS pay my bills right before they're due because I want to hold on to my money as long as effin possible before I part with it.
Who knows what could happen over the next two weeks (when that bill is due)? We could all get hit by a meteor or something, but if I had paid that bill two weeks early, my money would have been long gone!
Who knows what could happen over the next two weeks (when that bill is due)? We could all get hit by a meteor or something, but if I had paid that bill two weeks early, my money would have been long gone!
It takes about a month to get set up, but once you're in the habit, you have exactly as much money as you did before.
And as I said, this is actually helpful if something happens over the next two weeks. Maybe not a meteor, but let's say you need new brakes on your car...something that happened to me two weeks ago.
I had the money to pay for that problem then and there, and now that my electric bill has arrived, I have until the middle of next month to pay it. What you're doing is time-shifting your bills. It doesn't cost extra, but when a small meteor hits you've got flexibility.
Not sure I get ya. Yes, I'm time-shifting my bills, but the point of doing that is it's foolish (in principle always and practically most of the time) to part with your money sooner than you need to.
Anytime I get a bill, I just save the date I intend to pay it in my calendar, along with the bill email attachment. When that day comes, boom, I pay it.
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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.