The key to paying your bills on time is to be organized. There are a variety of programs designed for helping people budget that are very helpful but also expensive. We feature information below that will help teach you how to keep your bills organized so that you can make sure you are making payments on time every month. Paying your bills on time will equate to good credit! Understanding your expenses will assist you in managing your debt and staying out of debt in the future!
Bill Organizing Tips -- Also read about
bill paying tips!
- If you are living on a budget, determine how each of your paychecks are going to be used for paying bills. Make a detailed list of dates and amounts and what is being paid for.
- Maintain a list of all the 'current balanced owed' for all your debts.
- Don't forget to include those extra monthly expenses that are not really bills you receive in the mail, but are in essence bills that you have to pay, i.e. gasoline, groceries, etc..
- You should always include a little extra money for unexpected bills that may come up like car repairs and/or doctor visits. Learn more about paying medical bills.
- Every time a payment is remitted, write down to who, when and for how much.
- Every quarter, create a new ledger sheet. You
will likely have new expenses to add and old ones to eliminate. Your
list will become a sloppy mess if you do not start fresh every few
- Always open your bills the same day that they
are received. This will give you time to contact any creditor and
request an updated bill in the event that there is an error with
your current bill. You want to take care of all erroneous bills
right away. Also, it is possible that your bills will change without
notice. If you are on a tight budget already, an increased bill can
equate to stress on your budgeting plans. You will need to plan
accordingly and re-tool your budget so that you can get all your
bills paid timely.