Automating Debt
Posted by mmetz on February 24th, 2010
The great thing about technology is it makes our lives so much easier. Spelling is checked for us, phone systems rout us to the department we need, emails are sent, and bills are paid all with the click of a button. Most of the time you don’t even have to click a button anymore, the machines and programs know when and what they need to do without your help! A big problem with this is people tend to get lazy and don’t check up on the program. People tend to get burned the most with automatic bill payments.
Paying your bills online is a great way to save paper, time, and sanity but when we use those extra features we tend to forget to check up on them. Automatic bill payment took a fast way to pay bills and made it so fast you don’t have to do anything! Set a date, give them an account number and the money is automatically taken out of the account.
What a great way to save time!
Time, yes. Money, no. This automatic payment allows people to be lazy and forget to check what is taken out of the account. You could get slightly over charged or even double charged without even realizing it. Even if you get over charged you will be able to get your money back, but then you have to take a day to make the calls, wait on hold, and deal with the service reps.
To combat this, say yes to online bill paying and no to automatic bill payments. If you make the effort to remember when your bills need to be paid and click pay on time each month, there is no way for you to be over charged for anything.
If you’re worried that this barbaric method of online bill payment will take up too much time, then you might need to reevaluate your schedule if you can’t find literally 5.2 free seconds to click the pay bill button. It’s time to revolt against the machines and take back what is yours. Your money!
What are your thoughts on automated bill payment?
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