I have a big responsibility in the family,that is, I do all billing statements monthly. Therefore I can't risk being late for any one payments or else it would make me look like I can't manage time in life too well. And my parents will take the late fee charges. Which in both ways is a lose lose situation. My plan in managing this task without having to waste too much of my time every month to write checks and mailing them, I do all payments online with a credit card. That credit card's not just ANY credit card, but one that provides cash back/dividends in return. That way I can save myself time and be able to make 1-3% cash back on all bills that I pay.
This managing task comes in steps. First off, I have to setup accounts online for all the companies that I need to make payments to. Then, I have to make a reminder to myself of all the payment's due dates. This chart table is posted next to my computer organized in the order off times that payments are due. I Group all of them according to due dates, so that I can make a one time pay with all of them taht are due around the same week on that one day. After I make the payments I write down the confirmation number on the bill to make record that I've paid the bill. Since all these are credit card paid, I much then make the credit card payment. I do this by doing transfer transcations online through my banking account. That way I also save myself the hassle to go to the bank. This is a no hassle responsibility as long as I can pay the bills on time.
**P.S. money are on the account through direct deposits from work...
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Hey Maggie, I always thought I am the only one out of all my friends that actually manage billing statements, but not anymore.
ReplyDeleteI understand how you feel about the late fees, it really can be painful. I don't go through all the steps to make sure I pay everything on time. I usually tape my bill statements right on the wall next to my bed therefore I have it in sight. When I went back to China, I had to remind my sister about the payments but she never handles it and as a result, she paid everything late. When I came back from China and looked at our following month's bill, I was SHOCKED to see all the late fees.
Hey Maggie, I think your method of managing the the bills and payment is very effective. Since I recently began paying for my own bills,I should really start doing what you do. Right now, my bills are everywhere, but I only have to manage my own bills, so it's not that many and I can remember most of the due dates. But if I were to have more responsibility and manage more bills, then I would be really confused by everything. So I think I should do what you do and sort everything by the due dates and put it on a rack or something.
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