Alan's Two Cents - Bill Pay

Apr 1, 2008

How many bills do you pay a month? 10? 15? more? How much do you pay in postage?...most likely between $4.20 - $6.40 and possibly more. That's $50 - $78 per year. That is a lot of money going to the wonderful United States Postal Service. More than likely, you have a bill pay system via your local bank like Wells Fargo or Bank of America. The bank might charge (like $5/month) you for bill pay but if you are employed by a "preferred company" or just have a lot of money at the bank, they will waive the fee. Bill Pay takes very little time to set up, but after the initial set up...it's a breeze. You'll save yourself numerous trips to the post office, time writing out checks, and more than $50-$78 per year. Pay your bills online and save more money - I promise, it will be worth it.



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3 comments:

Jessica Starmer said...

I love it!!! I'm going to look into that at my bank this week! Thanks Two Cents!

Sharla said...

We bank with Wells Fargo and they guarantee that if they do not correctly complete a bill pay payment on time or for the correct amount, they will pay any late fees or finances charges that you would incur. You can't get that kind of security when you write out your own checks. Bill pay rocks!

Kyle A. Roberts said...

Brilliant little brother! Great advice. My husband says he is an expert. I cannot wait until your next nugget of financial wisdom!
Sara

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