Pay Bills Online
If I didn’t pay any bills online I would send out 15 separate envelopes (mortgage, insurance, water, trash, car, electricity, cell phone, phone bundle, credit card…) each with a .44¢ postage stamp. This isn’t counting birthday cards or the many miscellaneous things that come up in any given month, like, eight birthdays in August!
On average (at 15 envelopes) I would spend $6.60 on postage each month just for bills. $6.60 might not sound like much but what if you look at it on an annual basis? Then it becomes $79.20. Meh, $80??? Still doesn’t seem like much? I think of it this way… that $80 will pay for someone to clean my house twice for one month. Now we’re talking and now it sounds like A LOT!! (I don’t really have someone cleaning my house but that sure is motivation enough for me to save a few.)
If that doesn’t do it, how about this? Effective January 2, 2011 postage stamps will increase .2¢ to a cost of .46¢ and other postage rates will go up an average of 5%. That $79.20 just went up to $82.80. Again, it is not much but over a few years and a few more increases you will be paying more than a hundred for something that you can do for FREE.
In the last five years, at the average above, I have spent around $400 on mailing my bills! FIVE YEARS. FOUR HUNDRED BONES!!!!
So, what is the holdup? I know a few people who are just scared to death of paying bills online but I would venture to say it is probably as safe, if not safer, than putting your bills in the mailbox at your house. (If you put your bills in a mailbox that is just another reason you should pull your credit report.)
If you are not paying bills online but would like to, give it a whirl. Start with just a few bills one month, get through a few months and then add a few more bills each month until you are 100%.
SAVINGS TIP: Want to realize that savings instead of just saying “wow, I spend $80 less per year now”? For every bill you pay online put .44¢ into your savings jug, from tip of the week #1. When postage goes up in January 2011, put .46¢ in the jug. I promise that you will be shocked at how much you have SAVED rather than not-spent-on-postage-and-then-spent-elsewhere.