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Money Leaks: Forgetting to Pay Your Bills

We all know that banks and credit card companies make a ton of money off fees and no fee is more avoidable than a late payment fee. Some companies will assess a percentage fee based on your balance, others will charge a flat fee, but one thing is the same across all of those fees – it’s a carelessness penalty.

I understand that not everyone can remember to do everything all the time. Fortunately there are systems in place that can help even the most forgetful, you just have to implement them.

This is another installment of our new series Money Leaks. [3]

How can you avoid forgetting to pay your bills?

In the event that you do miss payment on a bill, try calling up the company to see if you can get the fee rescinded [5]. This works best if you aren’t a frequent late payer and haven’t been dinged in the past for something similar. Companies aren’t cold hearted, they’re will to work with you as long as you are willing to be nice.

What do you do to make sure you don’t miss a payment?