Message Font: Serif | Sans-Serif
No. of Recommendations: 1
For those who smuggly claim they wait as long as possible to pay, I still remember the study that showed those who pay their bills when they arrive are happier. In this case, a small amount of happiness can be bought.

Electronic bill paying through my bank gives me the best of both worlds.

In the old days I'd write the check to pay the bill when I received it, then write the "date to mail" in the space for the stamp on the envelope. When the day arrived I'd put the stamp on and mail it.

Now when the bill arrives I schedule the payment for the due date and it's done. It probably doesn't amount to a dollar in interest earned over the course of a year, but I like it. I also like this system much better than authorizing automatic debits by the creditor. I've had problems in the past when I discontinued a relationship with a creditor, especially things paid in advance like cable and homeowners' association fees.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.