Comments on: Bill Surfing (Day 3)

By: Big Cajun Man

Big Cajun Man — Fri, 03 Aug 2007 10:22:00 +0000

I am always impressed by the intelligence of the comments of all of my readers.

–C8j

By: NFtoBC

NFtoBC — Fri, 03 Aug 2007 05:12:00 +0000

Seems that great minds think alike……

By: Big Cajun Man

Big Cajun Man — Fri, 03 Aug 2007 01:09:00 +0000

AH HA!!!! You have been reading ahead.

Stay tuned for Bill Surfing the next generation where I will outline the REAL way to do all of this, it will sound very familiar.

--C8j

By: canadian sadie

canadian sadie — Thu, 02 Aug 2007 23:00:00 +0000

I’ve been paying my bills like this for ages. I don’t have to juggle either…I just waited for one of those rare ‘three paycheque months’ and got a head-start. I had two bills that automatically came out on very specific days of the month–so I set up a second chequing account for those.

I still pay half on each payday, but I pay them into a separate account. Then I know the cash is always sitting there, waiting to be paid out. I do this with my rent as well (separate account), as my landlord cannot be trusted to take out my rent cheque at the first of the month–which seriously messes with my cash flow.

The other advantage to this, is that at the end of the year, I’ve made a complete extra payment into the account, which can then be paid as a lump onto my debt, or dropped into RRSPs/savings.

By: nancy (aka money coach)

nancy (aka money coach) — Thu, 02 Aug 2007 16:03:00 +0000

thanks for such a practical, down-to-earth post on this facet of every canadian’s life! (hmm. do hell’s angels pay bills too? lol). For those who prefer not to even think about it after doing your exercise, most banks let you post-date online bill payments, or, if you’re willing to lose a bit of control, most bill payees will set up preauthorized payments that they take automatically. This ensures everything is, as you pointed out, paid on time.