Re: Paying Bills on Time

[Anonymous]

You might consider online banking. Not only do you see what your balance is, but there’s a pending payments list so you can see what payments are “warehoused” and to whom and for how much. You can still make payments right away if you want (who makes interest on deposits anymore?)

Occasionally when it gets tight (a lot of payments happen around the last Wed or Thurs of each month, when my husband’s pension deposit takes place), I use Excel (a spreadsheet) to show the current balance, what bills will be coming out, and what the balance is. If it’s positive by more than a reasonable cushion (say $200), I do nothing. If it’s less than that or negative, I have to transfer funds into the chequing account.

I stopped mailing payments because you never know when the post office is going to screw things up.

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