How to Stay on Top of Your Bills


Staying on top of your expenses can be challenging, especially if you are a busy individual that juggles a lot of things like work and house chores. However, it’s something that you must do to avoid financial troubles, which can even be more stressful. There are things that you can start adopting now to put your finances in a better state and to ensure that you are on top of your bills.

Know your bills and their due dates

It’s vital that you know all your current bills and when they are due for payment to ensure that you always pay on time. Delayed payment may cause extra fees. Failure to pay up to a certain point may result in service termination. You don’t want this to happen, especially if you need the services in your day to day life like electricity, water, and gas.

Checking on the list of bills that you incur will also show you services or subscriptions that you are still paying, but you no longer use. For example, you are still automatically charged for magazine subscriptions that you had years ago, which you no longer need but you forgot to cancel.

Set a payment schedule

Once you know the due date of your recurring bills, choose a schedule where you can make your bill payments. It can be weekly, every two weeks, or every month, whichever will be more convenient for you. Make sure that the schedule that you choose will be early or at least on the date when they are due. See if you can make online payments so it will be easier and quicker.

Set up automatic debit

If the service provider or company offers direct debit as their payment option, you may want to consider it to ensure that you don’t miss any payment. Payment will be automatically deducted from your account on the due date. However, you need to make sure that you have enough funds in your account as dishonoured payments will also result in extra fees. Plus, you also need to check your statements regularly to ensure that the right amount is debited.

Review your expenses

It’s not just your recurring bills that you need to review, but all the money that goes out of your account too. Write down the expenses that you had for the week and set a schedule where you can look at them and determine which are unnecessary. For instance, you have been spending an excessive amount on online gaming, and you may not have noticed it until you take a closer look at your expenses. Cut down on those expenses to avoid being short of cash.

Find more income or lower expenses

If you have a lot of free time on your hands, you may find other ways to earn more like getting a part-time job. You may also lower your expenses by making the right choices that will meet your needs. For example, instead of buying a brand-new car, why not consider checking personal car lease deals? You don’t have to pay a hefty down payment, and the monthly rates will also be easier to pay.

With focus and discipline, you can stay on top of your bills and avoid stressful financial woes.

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