I’ve Been Living in the 1800s
Ok everybody, I have a confession to make: I’ve been living in the 1800s. Alright, maybe it’s not quite that bad. But I’ve been being pretty dumb about something and today I’m going to tell you ALL about it. 🙂
As you can see on my side bars, I have a ton of different creditors and every month they all send me a bill in the mail. I also get bills from my internet provider, cell phone, home mortgage and two utility bills. That’s all I can think of right now but I’m sure there’s the additional odd bill or two coming at different times throughout the year too.
Without the odd bill here and there, I usually receive about 13 paper bills in the mail every month. (I don’t get paper bills on my student loan, the loan to my parents, or paper bank statements.) That’s a lot of clutter coming into my home every month!
Call me old-fashioned but I LIKE getting paper bills each month so I can look over them for each of my accounts. I’m not planning to sign up for e-statements on any of my accounts right now, but I am going to change how I pay my bills.
Here’s where it gets worse: I still write out a physical check for each of my bills every month (except my mortgage, which I pay online) and mail them in an envelope with a stamp a few days before they are due.
This is a bad habit for a few reasons. One reason in particular is that I use at least 12 stamps every month to pay bills. This adds up to $5.88 in stamps every month! This doesn’t include the cost of buying checks.
The sad part is that I have online accounts set up for the majority of my credit card accounts, I just kept paying them with a physical check by mail each month. This is something I am hoping to change. I am going to try and pay them via their online accounts from now on. This doesn’t make a huge money savings, but $5.88 each month out of the $15-20 I budget for household “supplies” does make a difference. Plus I messed up this month and mailed one super early, resulting in a cash-flow issue, too many of these and you could find yourself in over-draft. YIKES!
Geez la-wheeze, I don’t know what took me so long to make this change.
What method do you use to pay your monthly bills?
Photo courtesy of: Andrys
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