How to Keep Track and Pay Bills on Time

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Shoving your bills in the nearest drawer, hoping to remember to pay them before the due dates, may seem innocent enough. But failing to pay your bills on time can lead to late fees and higher interest, which increase your financial burden. If you are late by more than 30 days, the business billing you may even report you to the credit agencies, affecting your credit negatively. A little discipline and organization go a long way in helping you keep track of your bills and paying them on time.

  • Note the due date of any new bill where you will see it every day. For example, you may mark the calendar on your work desk, stick a note on the fridge or save the information to your cellphone or computer.

  • Keep the unpaid bills in one place, for example in a file on your desk or in a designated drawer. Check the unpaid bills every week so you know which bills are due soon.

  • Pay your bills before the due dates you noted.

  • Get an accordion file and label each section for water bills, electricity bills, phone bills and other types of bills. Place each paid bill in the appropriate place in the file for your records.

Tips & Warnings

  • Contact the businesses billing you to request a change in the due dates to one date to make it easier for you to remember to pay your bills. For example, you may ask that all due dates be the first day of every month.
  • Contact your bank or credit card company to ask about automatic billing service, which pays the company automatically.

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