Automated billing and online banking are two glorious savers of trees and time. With new laws in place to protect online accounts, it’s never been safer to handle transactions using the internet. Automated billing means NO writing out a check, NO envelope, NO stamp, NO late payment on an account, and NO hassle. Online banking means you can log on to your account at any time and see what’s going on–and for the math-phobic like yours truly, it also means things are always balanced.
Paying 5 bills a month via automatic billing will save you $25.20 in postage annually. You’ll also save 60 envelopes and 60 bills from being printed and sent. Why stop at having your payments withdrawn automatically? Investments automatically withdrawn every month also means you learn quickly how to set aside money without missing it from your spending budget. Fifty dollars a month invested in an account earning 8% will be worth $9,208 after 10 years thanks to the magic of compounded interest. Times are lean, save money by going green.
I love online billing and payments, mostly because it’s less paper for me to have to deal with.