Paying bills can be intimidating and tricky heres some information that may help!
What are bills?
Bills include rent, utilities, monthly payments, and even one-time payments. There are different ways you can pay them that all come with pros and cons
Checks:
With checks you have to fill out information on a paper including the amount of money and the person/place you're giving moeny to. With this method It can be mailed and you can easily have proof of payment.The downfall is that you have to remember to pay the bill each time.
Automatic or direct debit:
This way you can provide the service provider with your account information and they can take from that account every time your bills are due. This way is easy and saves time however if you don't have enough money in your account the bank may end up charging you fees.
Paying bills online:
Using this method your bank would make your payments according to the schedule you set up. This method also saves time and makes paying bills easier however it takes time to set up and it may need to change which could result in you being charged the wrong amount.
Credit Card:
You'd pay this online or over the phone. Credit cards also need to be paid for and create another bill.
Cash:
You'd need to travel to the company you owe which can be costly. Not all bills can even be paid in cash either however with this method you will not have any added debt.
Additional Information