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

Every fourth dimension I maintain been belatedly paying a pecker, it wasn’t because I didn’t accept got the money, it was because I forgot nigh it!

My hunch is that most belatedly-fees buy the farm along for that same ground. Back in those days when I lived inward financial chaos, I didn’t convey got a organization inward place to assist me retrieve to pay my bills.

For me this was simply similar playing roulette amongst my bills – I remembered to pay them sometimes in improver to 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 $xl each time it is belatedly every combat proficient as jacking upward your interest charge per unit of measurement to 25%.

Batching the Process

Anyone who has always forgotten to beginning something from the grocery store realizes that it requires a lot less time to buy everything 1 solar 24-60 minutes interval than having to driblet dead acquire something as yous demand it.

It requires a grocery listing in addition to a flake of foresight, but it saves you lot hours throughout the calendar week yesteryear NOT having to expire dorsum to option upwardly missed items. Why not implement the same type of planning to the paying of your bills?

Rather than sporadically paying them every bit they come upwardly upward inward or checking a pile on your desk every few days, you should hold out able to designate 2 days a month to pay your bills. And of course of report, if you desire to salve fifty-50 to a greater extent than fourth dimension, occupation your depository financial establishment’sec online nib pay.

4 Steps to Manage your Bills

1. Make a list of all of your bills

Next to each 1 write the xx-4 hours that it is due. If inwards that location is not a due engagement simply leave of absence it blank.

2. Decide on 2 days per month that yous will pay your bills

I recommend the 2 days y'all when yous commencement paid (if you lot have a regular bi-monthly cheque).

3. Organize them by due dates

Assuming the days yous root paid are the 1st also 15th – you lot would so select all of your bills due the 22nd through the 6th as well as 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 neb at to the lowest bird a calendar week to acquire to yous through the post.

4. Figure out what your monthly dollar amount needed for bills is together with split upwardly it past 2.

If your monthly bills total $2000, so you lot will wishing to pay every flake unopen to $i one one one thousand worth of bills on the 15th in summation to $m worth on the 1st. Use the bills that don’t accept a due appointment (i.e. savings accounts) to residue this out every fight best as possible.

Download a neb pay template

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

Just displace into your information below to larn an XLS version of it!

I also suggest having a designated checking occupation concern human relationship specifically to pay bills from. That way you tin know just how much comes out (the monthly total of your bills), thus y'all tin terminate know just how much to deposit.

Of class if your pecker paying days don’t residuum out perfectly (paying $1 thou both days), don’t pass the money! If yous paid $700 this fourth dimension, y'all know you lot testament hold to pay $1300 side past side fourth dimension. If yous don’t bear upon it, you lot know it testament exist inward that location waiting.