Can’t Wait for Your Next Paycheck? Three Solutions to Stay on Top of Your Bills
No one means to forget to pay their bills—it just happens sometimes. Either you forget to make the payment or you forget to set the money aside to pay it when it comes due. Rather than dealing with the costly late fees and penalties that come with forgetting to make your bill payments on time, use these three fast solutions so you will always stay on top of your bills.
Write Due Dates on a Calendar
If your problem is forgetting to make your payments when they are due, you may want to write all your due dates down on a calendar you check frequently. Furthermore, you may want to write them on the calendar space for the day before they are due, just so you have an extra day just in case. If you get in the habit of writing all your bills down on the first of each month, you will have an easier time remembering to do it. You can also set your bills to be auto-debited out of your bank account, but this does require continually making sure that the funds will be available to cover them.
Pay Your Bills First
If your problem is leaving enough money in your bank account to cover your bills due each week, you may want to pay your bills as soon as you get your paycheck. There is no penalty for paying your bills a few days early. Then, if you run out of money midweek, your bills will already be taken care of. Any extras you do not have the money for can always wait until the next week.
Get a Short-term Loan
If, despite your best efforts, you find yourself short on bill money with a few days to go until payday, you may consider getting a payday loan. Visit any Power Finance locations in Houston to see how a short term loan can help you cover your bills until payday. Payday loans are perfect for situations when you need fast cash for a short period of time.
While paying all of your bills on time can sometimes be difficult to remember, it is well worth it when you consider all the fees and penalties you will not have to pay. Find a system that works well for you and before long paying your bills on time will become a habit.
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Category: Budget, Family Finances
