Re: Bill Paying and Timing
It's interesting how we each have our own system.
I need an idiot-proof system. And I have an almost irrational fear of paying late. It doesn't just cost you a late fee, it can hurt your credit.
I don't pay any bills by mail. Everything is paid via auto debit -- mortgage, house insurance, car insurance, electricity, gas, water, telephone, cell phone, security system, newspaper, ISP (Internet service), web hosting, savings, etc. I know some people think "oh, my gosh, that's so risky, they're gonna go into your account and take everything!" I've been doing this for years and I've never had a problem.
The only bills I have to actually pay are 2 or 3 credit card bills, and I do it on-line at the card company's site (as opposed to my bank's site). I schedule them at least 5 days before the due date because even though you specify the date you want it paid, it might not post until the next day.
Do whatever works for you!
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