I am frenetic when it comes to paying bills. I cannot stand when a bill is unpaid! Sometimes when a bill arrives in the mail, I will pay months in advance because I hate owing something to someone. I also know that it will clear up clutter around the house so I can maintain organization.

Rent is due. Thankfully, I have automatic payments set up so they punch the account whenever they need to and I don’t have to worry about when it comes out. Renter’s insurance is due next month. However, I am waiting for an insurance premium refund so that it ultimately does not cost us anything. It is driving me crazy!! I have zero patience. I would love nothing more than to write a check and be done with it. But, I am going to (try to) practice being patient.

In April, I got the car registration from the DMV for one vehicle due in June. I took the funds from our vehicle “sinking fund” and wrote a check. I did the same thing when I received the other vehicle registration back in February (due this month in May). I wanted to get the car stickers on as fast as possible because then I don’t have to worry about it for a year. “Set it and forget it.”

Electricity bill, utility bill and internet are all the same way. It may not be due for 2-3 weeks, and I still write a check. If we don’t have enough funds in the checking account, I will move from savings and replenish when we get paid. That is how mad I am at owing someone.

What about you? Do you pay your bills early? Do you pay right on time? Do you pay late? I would really like to know as my curiosity is peaked…

Published by MadsenFinancialCoaching

Madsen Financial Coaching was created to bring awareness to personal finance. When you pay attention, you win! We work with clients to understand their behavior and relationship with money, as well as basics of personal finance such as: following a budget, eliminating debt and building an emergency fund to name a few. We want you to succeed, and it starts with your willingness to put in the work.

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