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 (which is now 39 cents---ouch!) but my payment gets credited much faster. Just check your creditors to see if they offer this option. My utilities and insurance companies for the most part all do.
If they don't, they may take automatic payments out of your account each month which would be another option. Still another is to make your payments online.
My bank has a feature they call Pay My Bills. Some banks charge for this, but I am lucky to have a bank that doesn't charge anything extra. With this feature, I can schedule the payment to be made from my checking account . The day I receive my bill, I schedule it to be paid the day after my Social Security check arrives. There are several reasons that I like this service. #1. I don't have to spend half a day writing checks and addressing envelopes to pay bills when my money comes. #2. I save on postage. #3. My creditors do not have access to my bank account or my credit or debit card accounts. I have been using this method for over a year, and have not had a problem. Harlean from Arkansas
RE: Paying Your Bills on Time and Saving on Postage
By dorenlee (Guest Post)
I like your idea, but DO be sure to find out what the company charges for these services, In our area, some of the companies charge as much as $5.00 or $6.00 to pay a bill over the phone or online.
Another option would be to take advantage of your bank's online billpay service. My bank charges $5.95/month for this, but when you think of all the stamps you're saving, plus gas to get them, gas you might use to actually go pay some bills, AND the cost of checks, you're actually saving money or at the very least, coming out even. I don't have to buy new checks as often now that I use this and it's faster and easier than writing out all those checks or making all those phone calls. I didn't realize how often I was having to buy new checks until I started doing this.
RE: Paying Your Bills on Time and Saving on Postage
By Connie (Guest Post)
In my area some of our Major super markets will accept payment for telephone,electric, natural gas bill,and several other utilities. They have to be paid before due date but it to helps on the postage situation.
re: "...but my payment gets credited much faster..."
i will always wonder : when we get the bills paid befor the due date why we don't get "brownie points" or some sort of little "thank you" bonus but WoW OW if they are late - we most often pay an late fee ! ?!?! hmmmmmm
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