Comments on: When Automating Your Finances May Not Pay http://www.savingstoolbox.com/2009/06/26/when-automating-your-finances-may-not-pay/ Online Savings Account Reviews Wed, 10 Mar 2010 22:56:24 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Slinky http://www.savingstoolbox.com/2009/06/26/when-automating-your-finances-may-not-pay/comment-page-1/#comment-5168 Slinky Mon, 20 Jul 2009 17:21:22 +0000 http://www.savingstoolbox.com/?p=676#comment-5168 What about if they get your bill wrong or accidentally charge you twice or other mistakes on their part? These problems may be rare, but they can be a problem if everything is on automatic and you end up with several overdraft fees. What about if they get your bill wrong or accidentally charge you twice or other mistakes on their part? These problems may be rare, but they can be a problem if everything is on automatic and you end up with several overdraft fees.

]]> By: Neil http://www.savingstoolbox.com/2009/06/26/when-automating-your-finances-may-not-pay/comment-page-1/#comment-4730 Neil Tue, 30 Jun 2009 21:05:05 +0000 http://www.savingstoolbox.com/?p=676#comment-4730 I fail to see what makes auto-payment different from regular payment. In both cases, you'll have a class of people that just pay what the bill says, and a class of people who read the bill and then call and yell at call centre employees. I pay all my bills automatically. That doesn't mean I don't call and shout at the power company every time they send me one of those bullshit "estimated" readings. ("Estimated" in power-company speaks translates as "between 3 and 10 months of your normal usage.") I fail to see what makes auto-payment different from regular payment. In both cases, you’ll have a class of people that just pay what the bill says, and a class of people who read the bill and then call and yell at call centre employees. I pay all my bills automatically. That doesn’t mean I don’t call and shout at the power company every time they send me one of those bullshit “estimated” readings. (“Estimated” in power-company speaks translates as “between 3 and 10 months of your normal usage.”)

]]> By: Anne T Meyers http://www.savingstoolbox.com/2009/06/26/when-automating-your-finances-may-not-pay/comment-page-1/#comment-4644 Anne T Meyers Fri, 26 Jun 2009 19:18:41 +0000 http://www.savingstoolbox.com/?p=676#comment-4644 Great advice here. Just FYI: There are some automated payment services that allow you also to include scrutinizing your bill for both errors and opportunities. There's another reason, too, which is privacy and security. There are certain sorts of errors that can be an indication of potential identity theft. As a college professor and longtime journalist specializing in finance and teaching kids about money management, I write a blog, Ask Anne--giveme20.com--that includes resources, such as good online payment systems. I've posted a blog on preventing identity theft in your every day financial transactions as well. I'd love to know what you think of it. --Anne Great advice here. Just FYI: There are some automated payment services that allow you also to include scrutinizing your bill for both errors and opportunities.

There’s another reason, too, which is privacy and security. There are certain sorts of errors that can be an indication of potential identity theft.

As a college professor and longtime journalist specializing in finance and teaching kids about money management, I write a blog, Ask Anne–giveme20.com–that includes resources, such as good online payment systems. I’ve posted a blog on preventing identity theft in your every day financial transactions as well. I’d love to know what you think of it.

–Anne

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