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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've listed out all of my bills starting with the least amount I owe, to the most. Each month, I usually try to double my minimum payments (when possible) & work on paying the first off. Once it's paid off, then apply that amount to the next bill. You're already use to paying that bill anyways, so using it to pay off more on the next, will only get your amount paid off faster!
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