I have auto payment on my mortgages and car loan, but both are set up through my banks online bill pay. So I push the auto payment.
The only auto payment I have pulled is my insurance. It sometimes varies monthly and when it came every six months, we were terrible and remembering to pay. But other than one six month period, it's been a pull payment for 20 years.
I don't trust most other things to pull payments. Not from my bank account. I've heard too many horror stories of people being unable to get them to stop taking the money. Netflix (when I had it) auto billed a credit card. That was ok in my head. If they charged after I canceled, my cc would reverse charges.
Mortgage (we got .5% off if we did that), Dollar Shave club, home alarm, life insurance and car insurance. Those are the only ones since the other bills vary by amount each month so I check for accuracy.
Auto paid with primary credit card: gym, cell phone, Verizon Fios, EZPass, Netflix, probably other things I'm forgetting
Auto debit from checking: life insurance, long term disability insurance, all student loans, car payment, water/sewer (quarterly), set amount that goes into savings each month. In the past, Roth IRA contributions have also been in this category, although now I wait until the year has ended to see if we're eligible before contributing.
just about everything -- cc, mortgage, school, internet, Netflix, insurance etc etc even investments / savings -- to transfer money on a recurring basis.
Everything except our credit card (I like to review before paying) and oil/gas deliveries since they are sporadic. Mortgage, electric, Comcast, Trash/recycling, car payments, daycare are all on auto pay.
Post by doctorsbaby on Sept 3, 2015 9:32:54 GMT -5
Absolutely everything! After I had DD 5 years ago I struggled to sit down and pay everything on time so I set it up then and haven't changed it. I review the checking account each month to make sure nothing has gone crazy (hello cable bill!).
Everything except school tuition. And that was except for the aftercare that had to be billed separate because the amount varied each month. But after the new office staff kept confusing his tuition check with tithe checks, I gave up. Otherwise, even my CC's are set to auto pay the statement balance. You need to have a method of maintaining your checking balance for that to work though. YNAB does that for me.
What comes to mind: rent, car payment, student loans, all utilities (cable/internet, electricity, cell phones, landline), gym memberships, charitable donations, EZ Pass...
Some of these things (as many as can) go on credit cards instead of being taken out of our bank accounts, but all of our credit cards are autopaid too.
Mortgage (PITI) Office space cell phone cable/internet Netflix Hulu electricity/gas life insurance student loans (both of us) auto insurance Care Credit (when applicable)
I think that's it. I have to manually pay the water/sewer/trash bill quarterly, and we pay the oil bill after delivery. We pay gym membership yearly.
I prefer paying stuff manually. Most stuff I get e-bills to the bank, and then it takes me half an hour once a month to approve them and essentially balance our virtual checkbook.
Our cleaning people, DirecTV, and our weekly meal service bill to our credit card directly, but I don't like anything coming out of checking without me hitting a button to do it.
Pretty much any bill that I can including mortgage, car payment, horse trailer payment, credit cards, gym membership, auto and home insurance plus others I can't think of off the top of my head.
We have our mortgage on autowithdrawal from our bank account. My student loans as well. Most of my credit cards are also on autopay. Cable bill, netflix, electric, water bill, gas bill, before/after school care.
There are only a few bills I pay, and that's because they don't offer autopay.
Only my auto insurance is on auto pay. The rest I pay monthly though my bank's bill pay service.
I'll never again have anything automatically debited after the clusterf&%$ that my gym caused. I had my membership set up as an automatic debit from my account, and a new employee debited my account 4x for the month. Fortunately, it wasn't a huge amount but it WOULD have been an issue had it been something like my rent. It took about a week to get that money back.