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What are some ways to manage your household bills?
I'd like to get a better handle on my household bills. I'm thinking of looking into Link. It lets you budget money BEFORE you spend it.
Anyone use the envelope method with success?
I'm the kind of guy who uses online bill paying but also keeps a paper trail. Eventually I may drop the printing of the bill out and actually back up my computer every once in a while. There is just something comforting to me about having the bills there even if the power goes out for a week.
I use online banking and with the bill comes in, I just open my web browser and pay the bill. That way I have paid it and it is out of my mind.
I have no official method for dealing with them either. I write down the due dates in my calendar, just in case something gets stuck underneath paper and I forget. I'm so OCD about not using my credit card unless I absolutely have to, so I rarely encounter having spent too much. I think setting the payment plans to be done by your debit card is smart. That way, the money is GONE right away, as it should be.
I haven't used the envelopes method but I know from everything I've read that the first thing to do is create a budget. Write down everything you spend money on and monitor your daily miscellaneous expenses, or what David Bach calls the "latte factor."
I've heard people praise a program called Mint that is free online budgeting software. I found a squidoo page about it that helps explain the benefits.
Link






