When I get the mail each day, I immediately sort it and discard what I can. I do not hold bills to be paid later. I immediately "pay" them using the internet. I go to the website of the company and choose the option to pay my bill. Then, I change the date from the current day's date to the one I want the money to come from my checking account. This is almost always the due date!
This method reduces paper clutter, postponement, late charges, etc. I am a Senior citizen and have used many different methods, but to date this is the best one yet! I am able to shred the bill and not have it laying around the house.
By Carol from Wyoming, PA
I too am a senior and I love online bill pay. I've carried it a bit further. I opted for paperless billing. I get my bills via email and I have a folder in my email where I keep my confirmation numbers for a few months.
I too pay my bills online and I greatly appreciate your additional ideas. I use Quicken for my check/payment register and put the confirmation number in the memo line to keep it handy. Thanks for your posts.
I pay my bills immediately online too. But I go to my bank and pay from there. There are never any additional charges I have confirmation numbers and my bank stands behind their bill paying. Works for me.
You can go even further with the 'green' thing and have your bills submitted on-line. You can then have your bank draft payment and you don't have to do a thing but record that the payment has been made. I do this will all my bills - electric, water, mortgage, insurance, credit card, items bought on credit (always interest free for limited time - paying in full before they can charge interest). Call each biller and make arrangements now. No worries about when a bill comes in and you may be out of pocket!
There are two different methods I use because I pay some bills with a check and others using my credit card. If paying with a check, when the bill comes in the mail, immediately upon opening it I write a check and get the envelope ready.
What is the best way to keep up with your bills due dates? All of my bills come on different dates. When I call to inquire about a bill, I like to make note of the conversation and who I spoke to. I was keeping this information on a spreadsheet on my computer. When I am at work, I don't have access to a computer. Then sometimes I forget to even check the spreadsheet, because of other pending appointments. Any better suggestions?
When we ran a business before computers, I would keep a file folder holder on top of my desk. I had file folders for each week of the month and would put the bills for each month in their proper holder. Week 1 held bills for the 1st thru the 7th, week 2, 8th through the 14 and so on. I had no trouble keeping up with what was due with this system.
I use my google (gmail) calendar. I put the due date with a reminder alarm and when I pay the bill I add "PD" to the bill notation on that date. The 'reminder' comes up on my I-phone as well as my computer at home. So I can deal with it anywhere/anytime!
When a bill comes in we write mail by date on the front them and then line them up in sequence due and put in a letter holder on desk. Easy to glance at, and by putting more than due date on envelope, every payment arrives on time.
I have all of my bills - credit card, electricity, gas, phone - come straight to my checking account and they are all paid automatically. If you have a regular paycheck coming in, this certainly simplifies things. Of course, if you don't have the money in your account, this doesn't work, but if you don't have the money to pay, paying on time is the least of your worries!
I mention this only because some of the people who visit this site are coming because they are in the same situation.
If you go to a credit counselor, make sure they are certified and non-profit. Also make sure that they are not trying to get you to sign another loan on your house. Some outfits are simply mortgage companies. The people we work with (GreenPath) are certified, nonprofit and they are also certified HUD counselors. All of this makes it easier to deal with the creditors. The phone calls have stopped. We shop at Aldi's for food and we shop at Thrift stores for over half of our clothing (I rarely find clothes for my tall son at thrift shops, the best I can do is clearance at landsend.com and oldnavy.com. I can never find his size at brick and mortar stores.)
1st of month House payment
10th of the month insurance payment
This really helps keep track of auto debits because it is easy to screw up your balance if you forget that an auto debit posted. Also, when you pay regularly and get into a rhythm like this it becomes easier to know how much money you are going to need later in the month so you know when to quit spending.
i have 2 friends who are like my sisters helping me do this right now. i got into this fix and didnt know what to do. i told them and one has done a spread sheet on my computer.. the other has gone thru all the paper work bills that i could find. now i dont know what they are doing but. they are sure that i will be able to recover. this has been very good reading.
First make you a calender from your PC.
Write down your bills when due.
Only use this calender for your bills.
Each bill you pay mark off your calender.
Take you a long envelope Mark it with the months date on it keep your receipts in it.
Note: If you would miss a bill carry it over to next month.
Hope this helps...Good Luck
I use my calendar on my computer. When i receive a bill i mark it right on my calendar and i have the option of sending a reminder to myself days before it is due. It will e-mail me or send a pop up on my screen on the date set to remind me.
It has worked wonderfully for me and when it is paid i high lite it in color so i know it is paid. It is always nice coming to that date on the calendar and seeing it high lited paid. It makes you feel good about yourself and it reminds you that you are on track.
My sister has used a plan that has helped me and my parents. All you need is a notebook.
First, write the month at the top. Under that, write "WEEK 1" then beside that write the amount of money that is going to be deposited. Underneath week 1 write down the bills that are due first, such as Bank notes or car notes or house payments. Make sure that they don't exceed the amount deposited (we actually make groceries a bill). I always do my biggest bills first so I am sure they are paid.
Then write "WEEK 2" and write the bills that are due next like electric, phone, and/or doctor bills. Continue through week 4.
This is really good because some months have 5 weeks so that fifth week is extra money. This really works for people who get paid weekly but my mom is paid monthly so she contributes her check to the first weeks big payments and gets that out of the way.
You may have to work with it a bit to get it the way you like it. This may not work for everyone but if it does, let me know!
August(big and centered)
Week 1--$1000(Husband) $500 (Wife)
Week 2--$500 (Wife)
I have been paying many of my bills over the phone with my debit card. It is a win-win situation. Not only do I save writing a check and saving a stamp...
Set up five file folders labeled Week One, Week Two, and so forth. As you open your mail each day file the bills into the week of the month it is due. Choose one day a week to pay your bills. Monday works best if you mail your payment, if paying online it doesn't matter which day you choose.
I sometimes open my mail and leave it in my car. The way I know that I haven't paid it yet is because it isn't folded in half. I can then go to my bill pay and take care of it immediately.
I had an idea to organize household bills. I purchased a large recipe box and index card dividers that were already numbered 1-31. I placed the dividers inside the box and placed each bill based on when it is due behind the respective divider.
This is my tip for paying bills on time. As soon as I receive a bill in the mail, or an email saying my bill is due soon, I write the due date and the amount on the calendar.