2 responses to this post.

  1. Posted by A Work in Progress on September 1, 2010 at 8:59 pm

    These are great tips! I am currently working on KISS. It seems so simple but I often feel as if I am stretched so thin that I must keep an eye on all outgoing expenses at all times; so letting go to automatic bill pay is no easy task but it will force me to balance my expenditures better and more importantly RELIEVE STRESS. Signed up for automatic bill pay with my rent check today. I will definitely have to force myself NOT to check my account everyday until the 8th…but hey the first step is usually the hardest one!

    Looking forward to your next post.


    • Try out the following tips and let me know how it goes! I’m also here if you have more questions.
      • If I get paid on the 15th, I set the bill payment to initiate on the 17th. I also create a calendar reminder in Outlook or Gmail on the 16th that says “Confirm that checking account has enough cash for bill payments on 17th.” If my balance is low, I can change the date or cancel the payment.
      o I always keep the cushion between 1 and 2 days so I pay my bills before spending the cash on anything else.
      o Another tip is to open an online checking account just for automatic bill pays. That way you don’t have to worry about accidentally using the money for anything else. I pay my bills from my online HSBC checking account. I withdraw cash from my Bank of America checking account.
      o I also make it difficult to use my online checking account for other things. Right now, I have the ATM card, but do not know the PIN, so I can’t use an ATM. In the past, I’ve thrown the card away to keep me from using it. Also, it’s just an ATM card, not a debit card, thus it doesn’t work at the cash register. 🙂

      I look forward to hearing your progress!


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