One of the most effective, worry-free ways to stay on top of your finances is to find a routine that helps you streamline your bill-paying process. Here are five tips to help make paying your monthly bills a breeze.
1. Create a monthly budget
A budget helps you anticipate how much money you have for your fixed expenses and how much you have to splurge with after.
2. Set up alerts
Setting up payment alerts and reminders is an effortless way to stay on top of upcoming due dates. Additionally, try using a bill reminder app for your smartphone to help you remember what’s due.
3. Change due dates
Changing your monthly due dates to coincide with your pay periods can help you manage your money throughout the month.
4. Set money aside
Try to spread large expenses–like rent or a car payment–across more than one paycheck, if possible.
5. Automate expenses
Avoid forgetting to make your monthly payments by setting up automatic payments for fixed expenses. This may not be the best option for fluctuating expenses like utilities and credit cards.
Take a look at your budget and find ways to simplify your process.