With so many bills piling up in the mail, it can sometimes feel like you're in an overwhelming cycle of writing checks and filling out paperwork.
I've found that a much more organized approach to paying bills is to simply pay them through your online bank account. With online bill payment through your bank you're less likely to overlook a bill and miss a deadline due to an accidentally misplaced paper statement. Many companies now offer through their website automatic payment of bills directly from your account. Though this may be convenient, having money automatically deducted from your account gives the creditor access to your money. With online bill payment, you will be able to maintain a greater oversight of your funds.
Many people put off paying bills simply because of the time it takes to draft and mail them. Paying bills online not only saves you time, but it also saves paper, making it a more eco-friendly alternative.
Once you've set up online bill payment, your bills can be paid in just a few clicks of a mouse – a considerably easier and more affordable way to pay than mailing a check. All you need is an internet connection and you can pay your bills on the go from anywhere in the world, day or night.
You don't need to be an expert on a computer, either. Online bill pay is much simpler, and less prone to errors than keeping track of your transactions by hand in a checkbook each month.
Some may worry about online security, and avoid online banking and bill payment altogether. However, with advancements in financial-services technologies, you can rest assured that
your account information is safe. You can even log into your account and pay your bills from a mobile device, making it that much easier to do so while on the go.
If you still aren't sure if paying your bills online is right for you, consider how much extra time you are spending now, and how much time you could be spending on other activities instead. In addition, there is more room for error when you try to keep track of your bills on paper on your own.