Comments on: Pay All Your Bills at the Same Time: Change Your Payment Due Dates

By: Pregnancy Dates Calculator

Pregnancy Dates Calculator — Wed, 14 Jan 2009 11:41:47 +0000

[...] Pay All Your Bills at the Same Time: Change Your Payment Due Dates … [...]

By: Carnival Sightings | Green Panda Treehouse

Carnival Sightings | Green Panda Treehouse — Fri, 29 Feb 2008 02:35:25 +0000

[...] Pay All Your Bills at the Same Time: Change Your Payment Due Dates posted at Prime Time Money [...]

By: Money Hacks Carnival #1 at Prime Time Money | Money Hackers Network

Money Hacks Carnival #1 at Prime Time Money | Money Hackers Network — Wed, 27 Feb 2008 15:06:55 +0000

[...] Pay All Your Bills at the Same Time: Change Your Payment Due Dates posted at Prime Time Money. [...]

By: stngy1

stngy1 — Sat, 23 Feb 2008 21:33:45 +0000

I know I’m repeating this, but:
Automated, once monthly billpaying has become our strategy. Although initially i used the biweekly paydays to pay everything, it dawned on me it’d be easier to go to once a month allowing me to really exploit the extra two pay periods a year. First, we paid a month ahead on all variable bills (except credit cards) so we would never go into the red should their due date not jive with our bill payment day. For ALL variable bills we pay a preset amount each month, based on historical use, (extra snowflaking is handled differently), so essentially all our bills are fixed, making life very simple.
Biweekly paychecks have a set amount (half the month’s bills) automatically transferred to the ING Savings account. If there’s extra money, its allocated to specialized ING subaccounts (e.g., “MEDICAL”) Once a month the neccessary monthly amount is moved to ING eChecking and through PayTrust all bills are paid. Random, once in a while bills are prescheduled through PayTrust (even those accepting only checks) to be paid on the same day and the neccessary amount to cover that bill is scheduled to be transferred on “Bill Day” from its ING Savings subaccount.
I cannot tell you how many headaches and missed payments this has saved us!
I get emails announcing when a bill has been received, when something is scheduled, what is upcoming the next week, and when the bills have been paid. I check ING and usually within 24 hours all payments have posted.
BTW, I hate paying by check since some folks love to hold on to them for one or two weeks before depositing. THAT is annoying. if someone is notorious for doing this, I have a special checking account I have their checks issued from. That way I won’t accidentally overdraft, thinking a check has already posted.
It’s all a lot less complicated than it sounds.

By: Laura

Laura — Sat, 23 Feb 2008 19:15:04 +0000

I’ll try to do that this weekend. Thanks PT!

By: The Penny Saved - Favorite articles of the week

The Penny Saved - Favorite articles of the week — Sat, 23 Feb 2008 18:28:47 +0000

[...] Changing Payment Due Dates at Prime Time Money [...]

By: PT

PT — Sat, 23 Feb 2008 02:42:33 +0000

@SGM – As long as the company runs on multiple billing cycles they should be able to. Some local utilities may be too small to need multiple cycles though.

By: SingleGuyMoney

SingleGuyMoney — Sat, 23 Feb 2008 02:23:01 +0000

I’ve never thought of this either. I didn’t even know you could change the due date of utility bills.

By: Patrick

Patrick — Fri, 22 Feb 2008 22:10:42 +0000

Nice idea! I never thought of that!

By: Friday Gathering

Friday Gathering — Fri, 22 Feb 2008 20:54:09 +0000

[...] Pay All Your Bills at the Same Time: Change Your Payment Due Dates From Prime Time Money [...]