Save Money by Paying Bills
Susie Hayman is the owner of In Your Business Professional Organizing Services (www.inyourbizness.com). Susie has been in the organizing business since 2002, and is a Golden Circle member of NAPO (National Association of Professional Organizers) and President of the NAPO-Richmond Chapter.
It’s easy to become frustrated by rising costs and unexpected expenses. It’s equally overwhelming to go through the process of paying bills.
Sometimes, looking at bill paying from a different, and even positive perspective, can alter the way we view that dreaded routine. The nature of when and how we pay those bills can actually save us time and money.
Using our bank’s bill pay system to pay our bills online saves us the expense of stamps and additional checks; and, we don’t have to drive somewhere to place them in a secure mailbox. It’s easy to set up and there are various options – we can schedule payments each month, schedule recurring payments or automatic deductions, even get e-mail reminders. Also, think of the time we save to do something really fun!
Paying our bills on time avoids the dreaded late fees. How many times have we forgotten or misplaced a bill? Keeping our bills organized and together, and scheduling when we pay them will eliminate those extra unnecessary expenses. Again, having an organized system in place for paying bills, will give us time to do other things.
Paying for what we buy when we buy it is the ultimate and ideal money-saving way to go. Aside from paying those credit card payments in full to avoid interest charges, there are small ways we can save dollars. Many professionals and service providers (hospitals, insurance companies, and contractors) offer percentage discounts for payment early or payment in full. When we have the cash accessible to do this, it’s a win-win for everyone!
So, are paying bills and saving money an oxymoron or can we accept that paying our bills online, on time and in full or early will save us money and maybe even earn some?
If you have questions or comments, please contact Susie at susie@inyourbizness.com.
