Paying bills online
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|Thu, 05-01-2003 - 2:22am|
We've found this to be a HUGE advantage, especially with our credit card accounts and my student loan. When there's a little extra money in the checking account, it's sooo easy to log onto our credit card account and make a payment. We do this several times a month - even if it's just $10 or so. (have to be careful with one of them, though - only allows five online payments a month.) This prevents us from changing our minds, and gets that snowflake money sent out as fast as it came in. I've been known in the past to write checks to pay bills, then the next day - before the mailman comes - snatch one or two out of the mailbox and tear up the checks to spend the money on something else (intending to pay it later). Paying online STOPS that nasty habit dead in its tracks.
We also have as many payments as possible set up for automatic debit from our checking - mortgage, electric, gas, cable, security system, student loan... Keeps us honest, MAKES us get the bills paid on time and have to keep the balance up in the account - talk about self-discipline!