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One more domestic type post...I'm in housewife mode today haha!

I LOVE paying bills online. At first I argued about this with my dad. He has all the utilities, mortgage, etc. set up for online banking, and he always swears it's the only way to go. I, being so old-fashioned, argued that I'd rather just send bills in the mail with a stamp, and so I didn't need him to show me how to do online banking. He insisted that he show me though, so I let him...and I LOVE IT.

I love receiving a bill in the mail, going online to set it up for its due date, and then throwing the statement away and forgetting about it. I don't have to worry about remembering to pay bills on time. The only thing I'm responsible for is making sure there is enough money in our account each week to cover the bills going out that week. There is a little sidebar that tells me which bills are going out each week.

Do any of you do online bill payments?


( 13 comments — Leave a comment )
Nov. 2nd, 2010 09:46 pm (UTC)
LOVE it! Not only do I save money on postage, but I also don't have to worry about whether or not the check got there (the Philadelphia postal system is horrible and loses mail 5 times out of 10, and/or takes 2-3 weeks to deliver things). AND I don't have to wait for the company to cash the check (I HATE having un-cashed checks out!), because the money's already taken out of the account.

I absolutely hate my electric company because they don't have any way to pay online, and so I'm paranoid every month because the check gets to them only 90% of the time.
Nov. 2nd, 2010 09:51 pm (UTC)
So you live in fear of waking up one morning with no electricity? :) That would be a pain...do you follow up every month to make sure they got the check, or what?
Nov. 2nd, 2010 11:55 pm (UTC)
Yes!! I basically call them every month if the check hasn't been cashed after 10 business days, just to make sure they got it! It's HORRIBLE, and since I'm so busy I actually have to set a reminder on my Outlook to make sure I call in time.
Nov. 2nd, 2010 09:58 pm (UTC)
i do!! i've never done it any other way. i have my calendar and i check it daily to figure out what cash is going in and what is due, i have a "bills due" calendar and a "bills paid" calendar :)
Nov. 2nd, 2010 10:00 pm (UTC)
i don't even get statements in the mail, they are all emailed to me and the statements forwarded in e-form to wells fargo so i can view them online for online bill pay! it's the best!
Nov. 2nd, 2010 10:38 pm (UTC)
Yep! Although Rob does the payments, instead of me. I keep telling him we should get all the bills emailed (save the trees!), but he never does. I think he likes receiving paper bills (& apparently keeping them, going by the amount of old bills I threw out while decluttering!), LOL!

A while back we worked out our average weekly costs (sometimes contacting the companies to get them to tell us our average weekly costs), so that instead of getting a big quarterly electric bill, a big bi-monthly gas bill, & monthly rent, credit card, phone & internet bills, we just pay a small, set amount weekly for each & that usually covers it (so when our bills arrive, they're either nothing owing, in credit, or very small), which is awesome. That went by the wayside a bit recently because of all the urgent surprise bills (stupid car! *Grrr*), but we'll hopefully get back to doing that soon!

I loved doing that because even though Rob's pay changes every week, depending on his workload, our bills were the same every week, so there was no "Crap, rent is due this week & Rob didn't work much last week! That means we've only got $25 for groceries..." dramas. Any extra money went either to making extra payments off the credit cards, splurging slightly (ie: the movies or eating out, nothing major) or buying extra or fancier groceries.

Edited at 2010-11-02 10:42 pm (UTC)
Nov. 3rd, 2010 12:04 am (UTC)
I've never paid bills any other way :P I am really anal about our finances and keep a spreadsheet of all of our current bills, income, and projected bills/income for the next 2 months. Like you said, I love that all I have to do is just make sure the money in our account adds up to what the spreadsheet says it should be!
Nov. 3rd, 2010 12:46 am (UTC)
When I get caught up and sort everything out (which willprobably be never) I will set it all up that way. As it is, I pay most of them online, but don't have it set up the way I want it.
Nov. 3rd, 2010 01:50 am (UTC)
I officially pay NO recurring bills by check! Every single bill comes online, I don't even get paper statements. And I pay all my bills the day I receive them, so I don't have to worry about making sure the account is good in 2-3 weeks when it comes due. I'd set them up for auto-pay if I weren't paranoid they'd send an incorrect bill and wipe out my checking account [we keep just enough in it for 1.5 months of usual expenses].
Nov. 3rd, 2010 12:16 pm (UTC)
We pay all of our bills online, but they're all set up to automatically pay. Our rent, water, electric, car insurance, phone bill, etc. is all automatically taken out of our checking account each month. It's fantastic.
Nov. 3rd, 2010 12:42 pm (UTC)
Yep this!
Nov. 3rd, 2010 01:06 pm (UTC)
I pay everything I can online! My husband, however, is a little more old-fashioned. Not only does he pay our auto and life insurance by check, he doesn't even SEND it by mail. He DRIVES it over to the office. It blows my mind; I think he might be trying to save the postage. He's very... thrifty.
Nov. 3rd, 2010 04:36 pm (UTC)
HAHA OMG that's what my grandparents do! Every month, they drive around paying bills by hand!
( 13 comments — Leave a comment )