Monday, July 19, 2010

What You Need to Know - Paying Your Bills Online

The next time you go to mail your utility bills, consider using online bill payment methods.

While 44 cents might not seem like much, mailing just one bill every month adds up to $5.28 each year per bill! If you're mailing say 10 bills, you just saved over $50 in postage alone!

And consider this: because of new legislation, the United States Postal Service is authorized to raise the price of postage every May to combat inflation and costs. In the past five years, the base rate for First Class Mail has increased 5 cents, and chances are high that we'll be paying 45 or 46 cents per stamp very soon. (Not to mention we can probably kiss Saturday delivery goodbye).

Fortunately my college apartment includes utilities and I can make my payments automatically online. The challenge is converting my parents to online banking (semi-successful thus far) and then e-statements instead of paper delivery (God help me)!

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