Dana Joseph (otherwise known as Mrs. Not Made of Money), is a SAHM to 4 adorable kiddos. She writes the personal finance blog “Not Made of Money” with her husband where they share money saving tips to help people live a debt free life.
I am adamant that online bill pay is one of the best services banks have offered in years. It makes it so easy and quick to pay bills on time and without hassles. With a few clicks of a button, bill paying is done, and I can get on with my day. Here are my favorite reasons for using online bill pay:
You never have to worry about forgetting to write down a check that you’ve written.
If you use your checking account’s online bill pay system, the transaction is already recorded when it happens. Paying everything online also eliminates any math errors you might make when you’re subtracting payments from your account.
You can schedule payments ahead of time.
If you’ve got a vacation coming up, bill payment can get a little iffy, especially if you some of your bills are due during that time. You may not be able to afford paying the bills early; you may need to wait for your regular payroll deposit. Paying your bills online allows you to schedule your payments well after you know your payroll will hit your account. You can relax and enjoy your vacation knowing that your finances will be fine until you get home.
You can pay virtually anyone.
You may wonder about the convenience of using online bill pay if some of your vendors aren’t large corporations. How do you pay your doctor’s office or homeowners association dues? Fortunately, many bill payment systems allow you to set up vendors that are specific to you. Your bank will write its own check to your vendor and send it to him.
You can eliminate some of your paper bills.
Many creditors such as your credit card companies, your utilities, and your insurance providers may actually enable you to receive your bills electronically through your online bill pay system. Now, not only can you pay your bills online, but you can view and file them, too.
If you’ve been putting off switching to online bill pay, now is the time to check it out. If you still aren’t completely sold on the idea, just test the waters by paying one or two bills for a couple of months and evaluate it for yourself. You’ll quickly see why online bill pay is the way to go to take care of your family’s finances.
4 Compelling Reasons to use Online Bill Pay was reprinted with permission from NotMadeOfMoney.com
Beth’s Note: Err… why I am a big geek who loves technology, my husband can’t handle change. I’ve yet to convince him of the benefits of online banking. I love it and had a wonderful experience long before I was married. But, I’ll just have to keep on working on him… it will probably take a LONG while. Maybe, when they quit making paper checks :)
Read more great guest posts from Dana or find out how to be a guest blogger on In Good Cents!
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