Note: This is a post from Joan Pre pay utility bills, Man Vs. But stick around and let me explain. The biggest change, of course, is that we now stick to a budget, and that means we have enough money to pay the bills. Obviously, that’s the number-one factor in why it’s more enjoyable now than it was before.
But the reality is, that’s true for a lot of people. So how do we change that mindset? How did I personally change the way I think about bill-paying? Well, let me show your our system, and then we’ll talk about why I think it works so well for us. But every time we owe someone money, it’s reflected here. At the start of the year, I go through and mark all our regular expenses and our regular income.
Did not find what they wanted? Try here
For instance, we have a contract for a home-security system, and that payment is due the 14th of each month. When we make side money, that’s obviously great, but our bill-paying is now based only on our regular income. And every time I receive a bill, I do two things. I write the amount and the company name on the date on which I intend to pay it. I used to rack up late fees, even when I had sufficient money in my account, because I was keeping track of bills by their due date. Obviously, that’s a problem if something comes up and you forget or are unable to pay, because you have almost no wiggle room. But the other problem was that I was paying bills here and there throughout the month, and that was a recipe for disaster.
I slide the bill itself inside the calendar pages for that month. There are some accounts for which I receive e-bills, and when that happens, I stick to step 1 above when I get the email. For the most part, though, I get hard copies, and I slide them right inside the calendar, usually in the order I’m going to pay them. How I actually pay the bills So if you’ve read some of my previous posts, you know that I keep a detailed check register. I just said how much I like receiving paper bills. That might make you think I’d write out checks and mail them.
Bill-paying night is basically me, at the computer, with the checkbook. I highlight the line in the calendar to show it’s been paid. And I write each transaction in the check register as I go and figure out the balance. Last but absolutely not least, I go back to our Most Hated Debt, if it’s part of that set of bills.