There are many tips and tricks for getting your finances in order. One of the best tips is to automate your payments. Automating payments is creating a “set and forget” system around all of your monthly or frequent bills. Automating payments will give you peace of mind knowing that you are on top of your payments. You’ll worry less about having to remember these tasks.
If you have rent or a mortgage this is an automatic payment you want to set up. Always make sure you have enough in your bank account for this bill and set an automatic payment for the same time each month. You won’t have to worry if you remembered to pay this bill – it gets paid automatically.
Do this with any regular bills you have, like your electricity/water bill, internet, car lease or loan, student loan payments, and so on. You might even find that if you set up automatic payments for certain things that you can get a slightly reduced interest rate and other benefits. You may have to set up automatic payments, but it is worth the extra time getting this right so you never have to pay a late fee or have a missed payment ever again.