April 21, 2006, Newsletter Issue #12: Money Management with Automatic Bill Payments

Tip of the Week

For people who sometimes have a hard time making their bill payments, there is a solution. If you want to be sure to never miss another bill payment due to money management problems, look into automatic payment options from your creditors. With automatic bill payments, you can be sure that your bills are paid before you have a chance to spend the money elsewhere. Money management is harder for some than others.

For people accustomed to a certain lifestyle, things like eating out and other recreational activities can chip away at your monthly budget before you know it. If you are like many and put off your bill payments, you will often be in a pinch when the time comes to actually pay them.

With automatic bill payments, you can take control of your monthly money management by having the bills debited from your bank account immediately. You can even set them all to be paid on the same day so that you can get a clear picture of how much funds you have to work with for the remainder of the month.

If your creditors offer it, take advantage of automatic bill payments. They will make your monthly money management far easier to handle and will keep you from ever having to check under to sofa cushions for the phone bill.

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