pre-paying bills

I would generally recommend having a high interest savings account and putting aside a little each week towards the bills (as an electronic version of the envelope budgeting type system), because you’re earning interest on you savings.

However, if you fear that discipline isn’t your strong point, or that your savings may somehow be compromised, an alternative way of taking the stress out of bill paying is to pre-pay your bills, a little each week.

You can set up an automatic b-Pay with you bank, where a set amount is sent to your service provider every payday. You don’t miss what you don’t see and it’s automated, so hassle free. Just speak to your service provider first to make sure they can handle these small amounts.

No more late fees and no more stress over big quarterly bills. Imagine getting your next electricity bill and finding that it is already paid!

Have you read these posts?

1. managing electronic bills
2. saving on the bills – it doesn’t hurt to ask
3. save money on the bills by going green
4. Phone A Friend: Reducing The Cost Of Communication
5. how to make saving money as easy as doing nothing