I admit it - for a long time, I've been too lazy and even a little skeptical to sign up for any of the numerous online bill payment options available these days. However, I made it one of my 2008 New Year's Resolutions to get over it and to finally set up as many of our bills as possible to online or automatic payment. So, over the past couple of weeks, I finally got off my ever-expanding fanny (ahhh, the joys of pregnancy!) and got things set up. And, while I was at it, I signed up for paperless bill notification wherever it was available. This whole process will result in a number of benefits, both financial and environmental:
- A minimum of 1 sheet of paper & 2 envelopes (1 for sending the bill & 1 for sending the payment) are being saved for every bill I'm now receiving through email. I'm also saving 1 paper check for each bill I'm paying online.
- I'm saving about 47 cents per bill per month (42 cents per stamp, plus 5 cents per check) for each bill payment that I make online. For my 10 bills that I set up for online/auto bill payment, I will save $56.40 per year!
- I'm saving time - it's so much quicker to pay bills online (and no time for auto payment bills) than to pay manually via check & postal service.
So, if you haven't signed up for online/auto bill payment, do it - you'll save time & money. If you have already done this, but haven't signed up for paperless bills, make sure to update your accounts to utilize this option - it will save precious environmental resources! Also, keep checking back with companies who did not have online payment options in the past - more and more companies are expanding their billing services to include this option.
Take Care,
Kara
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