finances

Tuesday’s Tip – Easy Bill Management

Tuesday, February 17th, 2009

The best way to deal with bills, especially recurring ones, is to set up a Direct Debit. The bills get paid automatically. You quite often get to choose when the money gets taken out of your account, at the beginning of the month, at the end, on the 15th, etc. And you don’t have to worry about forgetting to pay a bill,  getting into arrears and having to pay late fees.

Another great advantage is that many companies will offer a discount if you pay by DD since it is also easier for them. Which means you will save money.

And if you check your bank statements on a regular basis you can be sure that the correct amounts are taken from your account. In many years of paying bills this way, I have to say, I have never had a single occurrence of the wrong amount being taken from my account.

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