How to manage my monthly bills and obtain a better credit?

How to manage my monthly bills? I need advice plea - I need advice on managing my monthly bills better.
@mdilan (803)
United States
January 24, 2007 2:54am CST
My husband and I set aside on a basket everything related to the mail. With his busy schedule at work and mine by taking care of the babies, it is hard to keep track of each one of them. Sometimes we have made payments past their due date. How can we manage better this activity? Also, will they report to the credit bureaus (if not already reported) if we have a delayed payment? And if they do so, howcan we clear that up from the credit history? Please help!
11 people like this
41 responses
@juls2me2 (2151)
• United States
24 Jan 07
I have a budget typed up on the computer. It lists all my monthly bills and due dates. I then decide what to pay on what payday and do so.
3 people like this
@mdilan (803)
• United States
24 Jan 07
But where in my computer? I'm not very pro with this.
• Indonesia
25 Jan 07
You can use the microsoft works spreadsheet If you want. Or the traditional way you could always use the notepad, and then doing the calculation on your own. Sometimes in your bank online, they also give you the ability to manage your stuff online. Hope it helps.
@Willowlady (10666)
• United States
24 Jan 07
Not sure how you pay, with check or money order. However here is a suggestion. When the bill comes in, then deal with it right there. You could write the check and put it in your register and then the check goes into the envelope. Put a date to mail it on the stamp section but do not stamp it yet. Keep all your bills in a box or whatever by the door and when the dates come up and the money is in the account then go mail that bill. By paying on time your credit will improve. The have 3 month and 6 month and 9 month records so they can track an improvement. Also if you go for any loan you can tell them about the problems that you have striven to overcome and your recent track record can support that. Hope that this helps. We have had to do this at times during hard times. Everyone got their money, just took some time sometimes. Be organized and you will get better!
3 people like this
@mdilan (803)
• United States
24 Jan 07
Well, we pay mostly with checks. I was doing that and then my husband told me it was better to hold them until the last three or four days, that way they don't send another statement before time.
• Canada
24 Jan 07
When you have bills with due dates that are scattered all through the month, it's easy to miss some. If your payments are late or you skip some completely, especially if it's on a regular basis, it can (and usually does) affect your credit rating :( The solution that worked for me was to look at all my bills and figure out ONE date on which I can pay them ALL (in my case, it's the 19th or 20th of every month). I sit down that one day each month, get everything paid, record everything where I track our household expenses, and then I'm completely done until the next month. I had one bill that was totally out of line with all the other due dates so I called the company. They agreed to move my payment due date by about a week so it lined up with all my other bills. It never hurts to ask! I also make use of online or telephone banking to pay all but one of my bills. This makes it so easy to get everything paid on time - no hassles about sending checks, getting to the mailbox or post office, etc. If you have bills that are always the same amount, you can set up the payments online so they just repeat. They'll come out of your bank account on the right day, again to help you not to miss payments. It takes only a little time to get it all organized but, once you have, it removes almost all of the headache of juggling bills... except for the one about coming up with the money LOL ;) I know it won't work for everyone, for many different reasons, but it works really well for me! :)
3 people like this
@classy56 (2883)
• United States
24 Jan 07
with some companys the late payments are reported.with credit card they are not,but over the limit on credit cards will hurt your credit badly.i set aside bills to be payed every 2 weeks,i divied them in half.bills that are due on the frist of the month i pay on 16th of the month an bills due on the 15th of the month, i pay on the frist of the month,it makes it easier for me that way an im never late.you need to get you a free credit report an what is holding you back on your credit,an call them people.you can get a free report on the internet
2 people like this
@mdilan (803)
• United States
25 Jan 07
But how can I get a free report without giving my credit card number, if someone here knows?
@brendalee (6083)
• United States
24 Jan 07
I would get one of those big calendars and place it near the bill basket. But make sure when you get the bill that you write down when it is due and how much. You can also maybe cross it off when you pay it and even write down when you paid it. I think places give you warning before they turn you into the credit bureau. I am thinking they don't do anything unless you are over a month late maybe more.
2 people like this
@mdilan (803)
• United States
24 Jan 07
That's a good idea and I tried it once but I stopped writing it down on the calendars.
@KrisNY (7591)
• United States
24 Jan 07
Well you certainly are taking a step in the right direction- by asking for help. Paying bills on time is very important to your credit rating. If you go try to get a loan for a house or car they will look at how you pay your bills. Are you on time are they always later, do you skip a month of payments and then play catch-up. If for any reason you cannot make a payment for any bill at any given month you should call the company and let them know why and a reason. I open all mail and put bills together with the due date on the envelope where I can see it- I always try to get them in the mail at least 1 week ahead of time- USPS is sometimes slow... I put the bills in an organizer by the fridge-- in the top slot.. Any other mail that I need to keep or know where it is because something needs to be done I put in that organizer in the bottom slot. All others I file so it isn't in the way. Alot of people I know pay bills twice a month- Pick 2 days a couple weeks apart and pay all the bills that are due before the next payment date.. this way you will always be on time.
• Ireland
24 Jan 07
As soon as my bills come in through the letterbox, I write the due date on them and put them in a little holder in the kitchen. If I put them anywhere else, I am inclined to forget about them. I am now in the habit of checking every day to see if I have a bill that needs to be paid. According as I pay them, I write the date and the cheque number on the bill and file it away for future reference. If I pay it online, then I mark that on the bill, and I will check my bank statement a few days later to make sure the payment has gone through. I think there is a way of having bad credit history removed, here in Ireland, but I am not sure about other countries.
2 people like this
@sunshinecup (7881)
24 Jan 07
I save our payments up two weeks in advance. I started this after we got a lump back from tax returns. I now pay bills on time everytime. It's just takes time to set down, create a worksheet with all your bills listed on it and each week set aside a portion that will add up to the payment in four weeks time.
2 people like this
• United States
24 Jan 07
Some of your bills can be paid directly thru direct payment with your account. If you got a planner or even a piece of paper...list all your payables and with date due on it and paste it on your wall or your ref...so you won't forget.
1 person likes this
@stephcjh (32327)
• United States
24 Jan 07
Hi. I surely can help you with this one. Here is what I do with ours to make sure they get paid on time and to make sure we have enough money to do that and buy the things we need or have to have. First, I make a list of all the bills that i have every month. Then when I get the bills, I put the amount owed right besdie that bill name on that piece of paper I started to write all the bills I have on. Next to that I write the due date. I then make me a separate sheet of paper with all the income I expect to be coming in for that month. I didvide the income into 4 as there is usually 4 weeks in that month. I choose a 1/4 of the bills to pay the first week of the month and the ones that are due by such an such date. Pay those first to get them there and on time without late fees. Make sure to put a check mark beside each bill you paid so you can keep track of it. After the end of the month and all the bills are paid. Make a new sheet for the bills you will be expecting for the next month and also a sheet tallying up the income that will be coming in. You can kind of get a rough estimate of the total amount you have coming in and the total amount going out and roguhly when all those bills will be due. You can learn a better budget like this believe me. hope this helps ya.
• Philippines
24 Jan 07
live within your means,once you get your salary. Py off your bills and when your go shopping try to brnig cash instead of your credit card. Because if you bring cash you make sure that you dont exceed your budget. if you have your credit card with you, you tend to spend more.
1 person likes this
@nishdan01 (3055)
• Singapore
25 Jan 07
1. Stop! - charging that is. Don't expect things to be fullfillment. Find meaning/enjoyment in your life elsewhere. 2. Dedicate your self! Commit your self to ridding the credit card debit in your life. Make payments! I find on-line payments convenient, you can also set up automatic payment plans - the money's gone before you have a chance to spend it elsewhere. 3. Find as low as rate as possible. I found Citi cards offered a no transfer fee card, with 0% interest for 12 months. 4. Focus on the positive. There are many blogs out there dedicated to people getting there finances in order. A good starting point is the carnival of debt reduction: http://mightybargainhunter.com/2005/09/07/carnival-o f-debt-reduction-guidelines-and-schedule/ Doing all this will have your hard earned money work for you, rather than you working for your debt.
@babyreyn (934)
• Philippines
25 Jan 07
Well, the best thing you could do is, post all the receipts and bills on the place whom you can easily see. Example, at the door of the refrigerator. Make sure at the end of the day, you will see what you have posted on the ref. Then after you have pay it, remove it. Then make a schedule or plans of all your schedule for the day.
• United States
25 Jan 07
What I did was very simple. I use the service provided by the bank, which it called e-bill. It is a service which it automatic transfer you money to whoever you want. So I set up the schedule for all my monthly bills. In this way, I can manage all my billing statment in one place and never forget about it. It also is great that you can see how much you are paying out and know when is your last time pay for this bill. It has a lot of great advantage. So if you want to take a easy way out, why not try e-bill. I think most bank provided this type of service. However I am not sure if every bank provide it for free. But I know my bank does. I have use PNC bank and Bank of America. I think they had a great service. So you might want to check out these. Also , you might want to ask your bank if they provided this type of service. So good luck.
@SanDslnrs (269)
• United States
25 Jan 07
i know some internet sites have reminders sent to your email. You can set up to auto pay your bills on online banking. Check out your bank and see if BillPay is free.
@kawillow74 (1417)
• United States
25 Jan 07
I take a tablet and right down all my bills on it take every friday and want I will pay that week and cross it off. I know it is hard if you have new bills but our are due the same date every mo. that is easiest for me. Ok here is a free web site and yes it is free check your credit report. www.annalcreditreport.com I check all the time to make sure everything is fine.
• United States
25 Jan 07
I suggest you open your mail right away when you receive it and keep track of your due dates, I believe they are the same every month. Put them in your planner, journal or even cellphone so that you will have plenty of time to pay them. If you really want to have a good credit history, this is enough reason to pay the bills on time.
@123mosco (629)
• Nigeria
25 Jan 07
keep going.both of u are in agreament
• United States
25 Jan 07
My advice, take it or leave it, kill all of your credit cards except one. You only need one credit card, buy only want you truly need, nothing more.
@denden (803)
• Philippines
25 Jan 07
i think you must be organized or systematic enough in terms of apying your bills and budgeting your salary. because even if how hard working you are but if yu dont know how to budget your income and manage your bills still you are consider not successful. so be carfeul in your budgeting.