My focus for this day was to automate my monthly bills. In the span of 2 hours, I automated the following bills:
- Auto, home, and life insurance policies under the same company.
- Cell phone.
- Electric company. I wasn't able to complete this over the phone, but our local company is mailing me the auto-draft form to complete and mail back. It will take a couple of billing cycles to get this locked in automatically.
- Gas Company.
- Water Company. I mailed in the form and voided check, so this will take an additional billing cycle to take effect.
- Trash Pick-up.
The purpose behind automatic payment of these regular bills is to:
- set it and forget it!
- avoid late payments.
- save time paying bills.
- boost personal productivity.
Do you automate your finances and has this been a positive or negative experience for you?