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Post by ellise on Nov 7, 2005 23:24:09 GMT 10
From Jean Chatzky's Money Tip
With late payment fees on the rise—not just for your credit card bills but also for other regular bills—you need to be sure that your payments have a way to get to their destination on time every single month. And here it is: Pay those bills automatically. You can preauthorize withdrawals from your checking account to pay your mortgage, car payments, insurance, utilities, and even the health club—almost anything that's a fixed amount.
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Admin
Major Contributor
formerly ~cara~
Posts: 4,651
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Post by Admin on Nov 8, 2005 8:03:16 GMT 10
I do this with most of our statements each month. Saves time and worry about being late. Plus saves envi's and stamps..
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Post by seaar2000 on Nov 12, 2005 9:52:42 GMT 10
I do this with 90% of my bills. For the last eight years I have been paying an extra $3.00 on my car insurance for their paper process. Just found out yesterday that I can have my insurance automated and they won't charge me the $3.00 extra. Sure wish I knew this sooner!
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Post by braided-rug on Nov 12, 2005 10:27:43 GMT 10
Welcome seaar2000!
Do you mean direct debit Ellise? I prefer bpay, which I do by phone. Do you have this there?
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Admin
Major Contributor
formerly ~cara~
Posts: 4,651
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Post by Admin on Nov 13, 2005 7:04:42 GMT 10
Br, you can do this direct debit, online or by phone here. I makes things so much easier. I have a list of all my direct debits on my computer and each month I just note them to my checking account ledger. Works for me. No late charges if it should be lost in the mail, no fees and no stamps or envi's. Can you do that in AU?
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Post by braided-rug on Nov 13, 2005 9:42:31 GMT 10
That sounds sensible, I just fumble around with dates in my head. I do only enough dd's that I can keep track of. Some are dd's and one or two are credit card ones, I find those the hardest to keep track of, because it is in a different time in the pay period, like say the 4th of the month instead of every second Tuesday IYKWIM?
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Post by braided-rug on Nov 13, 2005 9:43:23 GMT 10
How do you set up a chequeing account ledger?
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Admin
Major Contributor
formerly ~cara~
Posts: 4,651
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Post by Admin on Nov 13, 2005 9:58:18 GMT 10
br, I use the little one that comes in my check book to note checks written. I find that easiest as it is right there in my check book. I have the dd listed on my computer and each month when I pay bills I note them on the ledger and deduct them from the balance.
I would think you can also do this on a computer program such as Quicken, or Microsoft money.
Do you have either of those programs?
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Post by braided-rug on Nov 13, 2005 11:20:04 GMT 10
No. I have always had an accounting type book a page for each fortnight. I have cut down the number of cheques that I write for the same types of reasons. When the bills come in I write them in the book straight away with the due date.
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