7. Set up Online Bill Pay

I highly recommend setting up online bill pay either through your bank’s website, or through a service like Mint.com if you can. This is a great way to take the stress off of having to remember to pay the items yourself, but don’t forget to make a note of what is coming out when! If you don’t have reminders for yourself set up of what is coming out of your bank accounts, you run the risk of bouncing checks and getting overdraft fees.

You could also suffer late payments if they money isn’t in your account to pay the bill because you forgot a payment was coming out and spent the money.

What I do each month is sit down with my calendar, look what bills are due, and then schedule payments depending on when I get paid each month, through my online bill pay. I pay more towards one or two bills and make regular payments on the rest, leaving myself enough money for groceries, and a small reward allocation as stated above. This makes things easier on me, and I see results faster this way. Budgeting doesn’t have to be a headache when you make things simple and smart. What’s your best budgeting tip?

Sources: sheknows.com

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