Three Ways To Manage Your Payments with Ease

Manage Your Payments with Ease

Disclaimer: Elise Ho, aka “Dr. Ho” is a Holistic Health & Life Coach. Dr. Ho is NOT a medical doctor, licensed therapist, lawyer, or a bevy of other things. Products or services that Dr. Ho believes in are the only ones that she recommends. Dr. Ho may receive compensation, product, or an affiliate commission on anything you see on this site. This is a personal Website solely reflecting Dr. Ho’s personal opinions. Statements on this site do not represent the views or policies of any organization with which I may be affiliated.


Manage Your Payments with Ease


You may feel stressed when it comes time to manage your payments. However, it is a necessary step if you want to achieve success. For example, buying a home requires a solid credit score. You can get that solid credit score if you stay on top of your bills.

I may not be able to provide a pain-free experience but I can help you make the actual mechanisms of paying bills a breeze. And. let’s face it… sometimes, that’s half the battle.

In this wonderful word of technology, we have great tools available to us but in most cases, they are categorically under used!

Below, we’ll discuss some tools to keep in your financial toolbox.  We’ll also address their pros and cons of each tool that you can use to manage your payments. This will help you to decide which are right for you.

Having a system to manage your payments, no matter what you choose, is an important step in making your life easier.


Tool #1- Auto Pay


Pros– Set it once and forget it! Often the vendor itself will have an auto-pay option on their website. You simply enter the amount you want to pay, your routing and bank information, and date of debit, and you’re set up. Your bills will be automatically debited each month.

Cons– If you run into some cash flow issues, you have to be sure to go in and change or cancel the debit date within the allotted period they allow you to change it, OR you will overdraft your bank account. If you have irregular pay dates, this may not be a good option for you.

Hints– You can set your payment within the grace period even if it is after the due date without needing to request a payment date change. It’s usually 10 days, but don’t assume! Make sure you check that you’re not accruing late fees or bad pay history by over-staying your grace date. Also, if you need to, vendors typically allow one due date change per account history, so if you know the due date won’t work for you, change the date. But choose wisely- typically you get only one shot!


Tool #2- Online Bill Pay


Pros– This system is typically offered through your bank, although some vendors offer the one-time pay option as well on their websites. Done right, you can spend an hour or so once a month, and set up the dates that you want the vendors to debit your account for that month’s bills. This is a great system for those with irregular pay dates because you have more control and insight into your budget and cash flow for that month!

Cons– You have to invest time monthly to set up these payments.


Tool #3 – Banking Apps


Pros– This is basically the mobile version of #2. However,  many people don’t remember to use the apps for their bank. You can do all the things on your app that you can do on their website. However, using the app version is almost always more user-friendly. The mobile banking app is convenient for several reasons. It is especially great while on-the-go. Just imagine how much less time you can waist during lengthy medical appointments waiting room times. If you’re a multi-tasker, this is a great tool!

Cons– If you lose your phone or it’s stolen, you run the security risk of someone having access to your banking info. These days though, our phones are an extension of our wallets and we all know to treat it as such! Just be sure to include security measures as you would for any other information you don’t want shared with a thief. (password protection, lost phone locator apps, and etc.)

With a little planning each month, your bill paying nightmares can be a dream!

Don’t delay! Get a system in place today to manage your payments with ease.


For More Money Management Tips:

5 Money Management Tips
manage your bills
3 Financial Management Tools For Business Success

Please use the comment section below to share your tips, questions, and/or thoughts about this post.

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Naturally Yours,
Elise Ho
Ph.D., D.N. Psych.
Behavioral & Mental Health Specialist

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24 thoughts on “Three Ways To Manage Your Payments with Ease”

  1. A fourth thing that I do is set up alarms and notifications. This ensures that I don’t forget anything and that I have planned the funds for it.

  2. Yes! My husband and I are in the midst of buying a home in another state and were just discussing different ways we need to manage our finances. This is our first big big purchase and we need to track how we spend all of our money so we can save better for the future. Most of our payments are set to autopay so we don’t even have to think about payments. But now I really want to know where our money goes and when.

  3. Tip #4 – leave it to your husband. Lol! JK. These are such great tips, and I love having online banking options.

  4. I use all 3 of these actually. I am diligent in paying my bills on time. It’s so important to have and keep a good credit score.

  5. I’m surely gonna keep these in mind! Autopay really helps me a lot to manage my payments. But I always checking it.

  6. I use all three of these! Most payments are on automatic payments and I do all my bill paying online. I also have the app for our bank so I can check things on the go if I need to.

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About The Author

Dr. Elise Ho

Dr. Elise Ho

Dr. Elise Ho is a Holistic Health & Life Coach with a special interest in emotional health, life alignment, and energy flow.

Elise will partner with you to align your mindset, your energy, your home and your career so that you can live your life's desire with freedom and love.

Elise offers 30 years of experience and multiple certifications and degrees including a Ph.D. in Natural Health and a doctoral degree in Naturopathic Psychology.