Pay Bills Online

Everyone has their monthly bills that keep on coming. The commonly ignored extra expense to paying your bills is the postage you pay if you still mail your payment in. Stamp prices seem to be on the rise at a quicker pace than ever in the past few years and the price to send a single envelope currently stands at 44 cents. It doesn't sound like much, so many don't really consider it when thinking of expenses, but those cents can add up.

One monthly bill payment that is mailed in throughout the year at the current rate is going to run you $5.28. Now think of how many bills you have coming every month and how that can turn into 30 to 40 dollars fairly easily. These are dollars that can easily be saved by simply paying your bills online. Online payment is free for virtually all companies with an online presence so you should take advantage. You also don't have to worry about the random times when your payment gets lost in the mail (This has happened to me) or shows up late for no reason. These problems can result in large penalty fees and can hurt your credit score. Online payment is easily traceable and you will know that your payment has posted. All of my online payments will email me confirmation of payment and then email me again when the payment has posted. It's free and worry free!

There's a little benefit for planet Earth with online bill paying as well. Many companies will allow you to enroll in paperless billing. This way they don't have to mail you the billing statement and payment envelope every month. You instead will receive your monthly billing statement in your email and have to pay it online. As a result, plenty of paper can be saved. Score one for the green movement!

These savings may not sound like a lot over the course of a year, but you have to figure that every extra dollar that you save can help you. It's the type of mindset you need to really build wealth later in life.