When I start working with my 1:1 clients I often discover that all of their bills are set on auto-draft. Confession: I hate auto draft for paying bills! Why? My reasons are numerous but here are a few:
💥 I don’t like anyone having access to my bank account.
💥 The due dates and my budgeting for that bill may not align.
💥 Sometimes customers are double charged. Duplicate charges are often not reversed. Credits to your account are issued instead! This is really hard if you need that money.
💥 Rate increases often go unnoticed (not paying attention to your finances because it’s all auto-drafted).
💥 I don’t like anyone having access to my bank account (mentioned twice on purpose)!
Do you know what I love for paying bills? Online bill payment through my bank! Here’s why I love it:
💥I am in control as to when my bills get paid.
💥I’m not giving anyone else access to my bank accounts.
💥I can schedule when my bills are paid (later in the month or recurring monthly payments).
💥I only have to remember 1 login. I use to login to each account online and pay.
💥If something comes up and I need to pay on a different date I can revise a scheduled payment for a later date.
💥No duplicate charges.
💥I notice if rates/bills increases.
I hope I’ve given you something to think about! How do you pay your bills?
