Tuesday, July 24, 2007

Make Your Finances Automatic

If you haven't automated your bill paying you really need to start doing this.

By using an online automated bill pay system you can make sure you never miss another bill due date again.

I have been doing this for several years already and have never missed a payment.

(late bill payments are a great way to ruin your credit score.)

Here is an example of how I handle bills I don't know the exact amount I will owe that month. For my credit card I normally pay the whole balance every month. But to be sure I don't miss at least paying the minimum requried I always pay $20 automatically everymonth. That way if I forget to pay the whole amount I am at least covered for the minium payment.

Thanks

Luke

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