Save time & money – Auto-Pay Monthly Bills – Part of your PIM strategy:
This is one of the best time savers. It also my save you a lot of money in the form of late fees for late payments. Use one of several services. Your bank, your brokerage account, or a credit card. Contact the institution, register on-line to Auto-Pay your monthly bills. NOTE The down side: This can turn very expensive if you do not maintain the proper balance to cover the payments. Overdrafts are expensive and can add up to a major expense. Consider the overdraft and late charges as you set up this technique.
Part of your Personal Information Management system: This technique eliminates paper floating around with your critical data on it. Helps eliminate the risk of Identity Theft. ALWAYS shred any paperwork that contains private personal information. No sense having hard copy files around when they are being maintained by the Bank or Institution electronically, and are available to you on-line at your convenience.
Call to Action: Get your bills in an Auto-Pay system. Contact each institution you do business and find out how they automate the bill paying process. Follow their processes. This will save you a lot of time and potentially save you money in fees. Do it once. Can last for years.
Hope this tip helps you “Tame The Data Deluge” in your personal lives.