Post # 1
My husband and I have somewhat of a disagreement over this issue. I’ve always paid bills as they come in so I don’t have to think about it too much. I don’t want to bother tracking due dates or keeping a mental reminder such as “oh right…the checking account has X amount in it, but Y amount is for that bill getting paid in 2 more weeks”. Plus I don’t like touching things twice – if it takes less than 5 minutes just handle it now. He prefers to receive a bill and set up an online payment for a day or two before it’s due because “why should they have our money sooner than necessary?”
So bees…what do you do and why?
Post # 2
I pay bills when they are due. I have almost everything set up automatically so it rarely involves dealing with tthe bill twice.
Post # 3
Neither, I just have everything set up to autopay. I would never remember everything otherwise.
Post # 4
Some are on autopay, some we pay as soon as they come in.
Post # 5
FantasticFawn: we have 90% of our bills on autopay too, but I like to manually set our credit card payment because (1) if we have a large expense it reminds me to move money from savings before I pay it if necessary and (2) it forces me to review the statement and check for fishy charges.
Post # 6
I generally pay them within 4 or 5 days of them coming in.
Post # 7
Everything is on autopay, I tend to forget about things like that beacuse I’m a procrastinator so I’ll think I have 3 more days to deal with it but then I forget.
We’re fortunate that we have plenty of cushion in our accounts to where the bills are more than covered, even if they came out all on the same day. It’s easy to just set it and forget it and check the balance at the end of the month to make sure it’s all still going in the right direction.
Post # 8
LilliV: I’ve been considering taking a couple of our bills off of autopay, specifically Time Warner Cable. They jack the rate up by like 2x at times without warning, it’s awful. Once you autopay that bill, you’re never getting your money back.
Public Service Announcement: Anyone who is thinking of signing up for TWC…DON’T!!! Haha.
Post # 9
Everything is on auto pay for the day it’s due.
Post # 10
- Wedding: May 2015 - Cathedral of the Immaculate Conception / Courtyard Marriott Legacy Ballroom
Technically, we don’t pay bills immediately or when they’re due. We have a bit of a different system. Our paychecks come in every 2 weeks, so the day before we’re paid, Darling Husband writes checks for all the bills he’s collected within those two weeks and then sends them out the next day. Every pay day, I electronically pay off all my credit card bills. Our cell phone bill is automatically paid off about 10 days before the actual due date.
Post # 11
All of my bills are set to auto-pay for the day they are due. I like not having to think about it.
Post # 12
I pay mine based off of when my Fiance and I get our paychecks. We work for the same company, so we get both get paid twice monthly on the same days. On the days that we get paid, I pay off all of our bills that are due before we recieve our next paycheck. Dave Ramsey is the best. 😉
Post # 13
I have auto pay set up for general bills. It goes onto my credit card, and on pay day I immediately pay off the credit card. Fiance is only paid once a month and he makes a lot more than I do, so it just makes sense for us to do it that way. It is so frustrating when bills end up being due in the days before he gets his paycheck.
There’s a few payments I don’t autopay. My engagement ring, FI’s student loan, and rent. We pay those off for the next month the day he gets paid. And then my checks go towards groceries and additional payments towards loans and credit cards.
Anything left over at the end of the month before his next check = savings. We’ve got a very particular system.
Your husband’s argument that they shouldn’t get the money sooner than they have to makes no sense to me. Too risky, and for no reason!
Post # 14
My husband gets paid weekly and I bi-weekly so it makes for weird pay schedule for us with never getting larger paychecks from my husband’s job. I plan accordingly. Larger bills like mortgage and car payments come out on weeks we both get paid and small bills like gas, electric, water, etc. come out on weeks where husband only gets paid, that way we still have sufficient funds for grocery shopping and anything else we want to do.
Post # 15
LilliV: I pay all my bills automatically either by having them charge directly to my credit card or debit my bank account. Where it’s an option, I’ll have them do this right away rather than waiting for a due date.
It would stress me out to have to wait on paying bills. I’ve never run my cash flow that tight (and I realize I’m lucky that I’ve never been forced into that situation!).