Bill Paying Routine

Right now everyone is watching how he/she spends. Developing a bill paying routine will prevent late payment fees and higher interest rates.

Many people enjoy the convenience of paying bills online and using personal financial software that reminds them about upcoming bills.

Some people, even technology users, prefer to pay bills the old fashioned way, by writing checks. Here is an option for those people.

1. Using a monthly calendar, highlight the paydays.

2. Gather the due dates for all bills, quarterly and yearly as well as monthly bills. On the day a bill needs to by paid, taking into account delivery time for mailed payments, write the payee and approximate amount due.

3. Keep this calendar in a “To Pay” file and as you receive bills, add them to the file.

4. Schedule a specific time, on every payday or within a few days of payday, to attend to financial responsibilities. At this time, take care of all the bills that need to be paid before the next payday. On the calendar, check off bills as they are paid.

Now more than ever, staying on top of your financial situation is important. This method is especially helpful for visual people, because they are able to "see" all their bills at a glance.