As soon as I open a bill...I go right to the computer and pay it. Even if there's not a bunch of money in checking, I still pay it. I pay my bills online and can decide which day I want the payment to actually be deducted from my checking. If I let the bills pile up and try and pay them all at once it's overwhelming and I feel out of control. I am also less likely to overspend if it "looks" like I have "extra" money. I also check my balance everyday so i know exactly where I stand.
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I have found this method to work for saving money: get envelopes and label them with your bills you pay monthly (ie mortgage, light bill, water bill, etc.) and label one envelope Miscellaneous. Each month put the amount you owe on the bill plus $10 in the envelope. Pay the miscellaneous envelope $20. Once you pay all your bills, move the money from the other envelopes to the miscellaneous envelope and watch your money build up!
Many companies send out bills that are due on the 1st & 15th. Like a number of companies, mine PAYS on the 1st & 15th. Sometimes money going into my account wouldn't get in before the bills were due and I'd have a penalty or have to pay more interest. I contacted ALL the people who bill me, including my mortgage company, & they have all agreed to make my bills due on the 5th & 20th. I had to climb a few "Customer Service" ladders, but now my bill paying doesn't cost me penalties or interest.
I set up a Gmail account that is only for our bills.I keep track of everything there. All my bills go there and are not lost in all my other email. I made folders for each bill and folders for things to pay in the next 15 days and the next 30 days. Once I get confirmation that the bill is paid, I put it in the correct folder. One of the best things I've done to keep on track.
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