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When used wisely, autopay can save you time and prevent issues like late fees, but it can also cause you to be too lax with your bills. 4 Reasons Autopay Is Bad for Your Financial Health Skip to ...
4. Utility Bills. Electric, gas, and water bills can vary a lot based on everything from the season to houseguests. Chances are, you're already aware of these typical fluctuations, and you'd be ...
"Bills that fluctuate aren't good fits for autopay, such as your electric or water bill," said Bethany Hickey, banking and lending expert at Finder. "If you have an especially high-use month ...
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Autopay can easily allow you to forget about auto-renew and about the expense in general. Forgetting about new expenses could lead to your monthly budget getting ruined.
The Better Business Bureau (BBB) is an American private, 501(c)(6) nonprofit organization founded in 1912. BBB's self-described mission is to focus on advancing marketplace trust, consisting of 92 independently incorporated local BBB organizations in the United States and Canada, coordinated under the International Association of Better Business Bureaus (IABBB) in Arlington, Virginia.
“Autopay helped me save time and money,” said Shelephin. “I don’t have to worry about forgetting to pay a bill, and I can avoid late fees and penalties.”
Cellphone. If you have an unlimited cellphone plan and your bill never varies, autopay is a time-saving strategy for managing payments. There’s also the option of setting up automatic payments ...