Automating your bills
June 30th, 2007 at 01:23 pmToday as postage begins to get more expensive, and time is money why not automate you bill paying? For our family we automate all of our bills when we setup our customer accounts. Some examples of things to automate
1) Telephone bill
2) Cellphone bill
3) Car Payment
4) Car, home, life insurance
5) Mortgage
6) Student loan payments
7) Garbage hauling
8) Electric bill
9) Gas bill
10) Water bill
If you add up all of theses bills that you could automate you could possibly save (10 x .41 x 12) = $49.20 per year in postage alone. Not to mention the fees that companies charge if a payment is missed (which can range from pennies up to $39.99 for some credit cards. Along with that you have to consider time benefits. If 5 minutes per month is spent on each bill, then you could get back 10 hours of your life per year!! Over the course of ten years that can save you 100 hours or 4+ days.
Through automation of your bill paying you will be able to save time and money, and free yourself to do other things you enjoy or create new avenues of income.
Copyright Frugal Retirement Check out my blogspot for more tips!


Yep I agree!