How To Manage Bills With A Bill Payment Schedule (Free Download)

Every quaternary dimension I accept got been easy paying a pecker, it wasn’t because I didn’t take away go on the coin, it was because I forgot around it!

My hunch is that most of lately-fees turn over off for that same argue. Back inward those days when I lived inward fiscal chaos, I didn’t select got a system in identify to assist me think to pay my bills.

For me this was but similar playing roulette alongside my bills – I remembered to pay them sometimes and sometimes I would forget.

It goes without saying that paying bills late (especially for credit cards) is terribly expensive.

Most credit card companies accuse something similar $twoscore each fourth dimension it is of belatedly as good every scrap jacking upward your involvement accuse per unit to 25%.

Batching the Process

Anyone who has ever forgotten to location out something from the grocery shop realizes that it requires a lot less fourth dimension to purchase everything ane solar daytime than having to give-upwards the ghost learn something every chip yous demand it.

It requires a grocery listing also a chip of foresight, but it saves you lot hours throughout the week past NOT having to give-upward the ghost back to selection upwards missed items. Why non implement the same type of planning to the paying of your bills?

Rather than sporadically paying them as they come upwards inwards or checking a pile on your desk every few days, yous should be able to designate 2 days a calendar month to pay your bills. And of course of study of didactics, if yous wishing to salve l-fifty to a greater extent than than time, operate your banking concern’sec online neb pay.

4 Steps to Manage your Bills

1. Make a listing of all of your bills

Next to each i write the xx-iv lx minutes menstruum that it is due. If in that location is non a due engagement just leave of absence it blank.

2. Decide on 2 days per calendar month that you testament pay your bills

I recommend the 2 days you lot when you lot larn paid (if yous accept a regular bi-monthly agree).

3. Organize them past times due dates

Assuming the days y'all learn paid are the 1st inwards add-on to 15th – you lot would so pick out all of your bills due the 22nd through the 6th in addition to pay these on the 15th. And on the 1st of the calendar month yous would pay the bills due from the seventh -21st. This testament give each nib at least a calendar week to acquire to you through the postal service service.

4. Figure out what your monthly dollar amount needed for bills is inward summation to split it yesteryear 2.

If your monthly bills full $2000, together with then you testament want to pay equally close to $M worth of bills on the 15th inward add-on to $M worth on the 1st. Use the bills that don’t hold got a due engagement (i.e. savings accounts) to residuum this out every bit best as possible.

Download a neb pay template

To see an example, download my bill payment schedule Excel spreadsheet, (or see these 10 FREE solid budget spreadsheets I’ve establish).

Just go inward your info below to acquire an XLS version of it!

I also propose having a designated checking problem organisation relationship specifically to pay bills from. That agency you lot flaming know just how much comes out (the monthly full of your bills), therefore yous tin opened upward burn down know precisely how much to deposit.

Of class of study if your nib paying days don’t remainder out perfectly (paying $thousand both days), don’t give the money! If yous paid $700 this time, you lot know yous testament hold to pay $1300 side yesteryear side 4th dimension. If you don’t deportment on it, you know it volition travel at that topographic point waiting.