Using Tools to Pay Online Bills and Save Money

 

Online Bill Payments. Ways to Save money
BankSimple /Foter

Several online banking institutions offer you monthly bill paying, along with other products and services such as internet account and financial transaction track record transfers. Due to the fact you have a bank account, they generally provide monthly bill paying free-of-charge so that they can remain competitive to get more customers. Actually, some online financial institutions increase the amount of enticements. They enable their clients to pay for their vehicle insurance, utility bills and credit cards more quickly, monitor exactly where their cash is used, and keep an eye on their balances.

Most people have an electronic calendar, such as Google Calendar setup where they indicate what invoices are due and as a result they receive a reminder a few days before to make sure that the invoice is paid on time. Some of the best tools are through credit card companies. Most allow you to set up notifications for bill payments, and low balances etc. American Express recently launched a payment centre where you can indicate the amount you to want to directly from their website and have the payment posted right away.

Paying online not only saves time and effort, but if done properly, it can also save paper. Most companies allow you to have your invoices electronically emailed to you. It is imperative that you research what your bank charges you for online transactions.  If you are using your bank’s on-line invoice payment services, you will pay charges digitally whenever you can.Because so many of bill paying providers are free of charge, a great number of consumers are registering. A newly released customer survey discloses that the volume of payment providers on the internet increased 39% from the year before.

 

There are several tools that will help you pay your bills on time. It needs to be mentioned, nevertheless, that not every one of these types of services give a total financial management process. That’s where software packages come in. Two of the most well-known computer software programs are Quicken Premier and Microsoft Money.

 

  • Microsoft Money enables customers to pay for expenses by means of MSN Bill Pay for an extra fee. Should you buy the Advanced edition of the system, you can get couple of years of Bill Pay for no cost. It really works quite similarly as the bank’s online bill pay program. By using this type of software it will be possible to pay for e-bills in addition to keep track of your debts.
  • Quicken provides a higher priced program, Quicken Bill Pay. This software program can handle your instalments and expenses. Additionally, it will allow you to view your balance details and financial transaction history.

Another two options for free accounting software are Mint and Wave Accounting. These are great to be able to see what your finances look like at any given moment.Wave, especially, is wonderful for tracking vendor payments and can be used most effectively in a business setting.

The best tool of all is your bank’s website or the website of the company. Most banks allow you to schedule payments in advance or set recurring payments. This allows you to pay a consistent amount for a service, on time, without incurring any late fees.
Paypal is another option for a free services that allow you to save money by setting up recurring payments. The beauty of Paypal is that it works with your existing bank account, allowing you to manage all your invoices from one central location.

Because companies are moving towards online billing, they are dealing with clients in 2 ways. Either offering a discount for those who receive their invoices electronically, or charging extra for having a paper invoice sent out. Either way, it is very likely that you will save money embracing online billing and payments provided that you use the proper tools to keep track of your finances.

 

10 Comments

  1. I like to receive and store my bills via ePost. I get an email notification every time a new bill is issued, and it stores the bills for 7 years. You can set up a payment option by connecting to your online banking bill payments feature. It’s pretty handy.

    1. You know I get inserts about that last week. I have everything set as online so I hardly ever get mail anymore. I can’t stand wasted paper.

  2. I don’t have many bills to pay, so I just track things with Mint. Mints alerts are a nice feature that gives me notifications to my phone and email.

    If I have any credit card debt, I usually pay it way before the due date to better track my actual cash flow.

  3. I like to keep things simple. As soon as I get a bill, I go in and make the payment from my bank account, post-dated ofcourse to a couple of business days before the due date. The trickier ones are those that allow me to pay by Credit card … I try to avoid auto-payments because i don’t want to get a shocker of a bill and have to deal with it after it has been paid. But since its a credit card payment, I can go ahead and make the payment in advance without having to fork over the cash right away.

  6. There really is no excuse to be late with a bill because “I forgot” anymore with these awesome tools available. Good tools! I usually use the tools directly on the service/product site to set up payments.

  7. Nice article Marissa. I am a big fan of bill pay and also use Mint to track my expenses.

  8. All these tools are for things that have already happened. What about a tool that allows you to help forecast the future? Because the past is the past, nothing can be done about that, but you can help what happens in your future! right?
    I just use my bank to pay all my bills, because my credit cards are all attached to my bank account. I know this isn’t the same with everyone though

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