Thursday, February 7, 2013

Frugal Living Tip #38 - Online Bill Paying

Online Bill Paying

We all have bills that we have to pay on a regular basis- mortgage, electricity, phone, cable, just to name a few. The question is how do you pay them? Do you write a check and mail it in a few days before it is due?

My husband actually takes care of our bills, but we have started using online bill pay. He has us signed up now to use an online service - We have participating companies, such as Dominion Virginia Power, send our bill to them. They in turn send us an e-mail notifying us of a new bill and for us to log into our account to view it. We can then schedule the payment for after a paycheck has been deposited, but before it is due. Check with your bank to see if they offer a similar service for free.

Paying bills online not only saves us the cost of a stamp and writing a check (which you are also paying for), but it also keeps us from misplacing a bill and having to pay a late fee.

Do you use online bill pay for any of your regularly occurring bills?


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