If you’re looking for a way to simplify your finances, automation may be the answer. Expert advice on the dos and don’ts of automated bill pay
InvestigateTV - Setting up automatic payments for bills could save you money and paying bills easier, but there are a few things you should know before you start. , said automating your finances is a good idea because it saves time and eliminates any chance of forgetting a bill and accruing late fees.“You want to make sure you have a really solid understanding of the money coming in and the money going out each month before you set up any automation,” Palmer said.
Palmer said start with bills that are predictable, where the number is reliable and does not fluctuate. She gave examples of condo fees, rent, insurance payments, phone, or cable bills.
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