Credit cards and bills

[chicklets123]

Do you ask for the bill end date to be the 30th of the month? 

What about auto deductions. Is it the 1st or the same date for all?


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[Philociraptor]

Pay everything with credit cards and set pay-in-full auto-draft for them on the 1st of each month. The only thing that won't go on a CC is the mortgage and I asked them to set their due date for the 1st as well.

[Xlar]

I do not schedule them for a particular day of the month. Whatever the date that is set when I open the card is the day that it gets paid.

[Xlar]

I do the same thing for all the other bills and utilities so everything is spread out. I have keep track of a budget so when a particular bill gets paid in the month doesn't bother me as I already planed for it.

[Sibley]

Doesn't matter, personal preference.

[YttriumNitrate]

No. I keep enough cushion in my checking account that it doesn't matter what is drawn when. I suppose I'm missing out on maybe $8 a month in interest, but keeping the bare minimum in checking with deductions precisely timed seems like a recipe for overdraft fees when something doesn't clear in time.

[Zikoris]

All my bills get auto-paid by credit card. I don't care what day they charge it, it's all over the place. Twice a month we pay off the credit cards in full manually.

[Rosy]

Ditto.
Although I am considering seeing about setting all my credit cards up to be due on the fifth, so I'd only have to pay all of them once a month - manually of course, online.
I have a minimum auto pay in place for all my cards, just in case, to avoid any problems - vacation - no access to the net/account - slush fund temporarily too low, whatever. But I do pay in full each month except in rare cases.
I don't care when the bills are due, but I might look into changing them at the same time - if it were to clarify my budget, so all is done for the month by the fifth.
... or not:)

[Prairie Stash]

Autopay everything I can with the credit card. Then autopay the CC in full.  Everything is set for random dates because it doesn't matter, the only date that matters is the CC, it automatically aligns everything. 

I have the CC set for alerts if it trips a threshold, that's what I keep my chequing account float at. If I exceed I go in and transfer cash over from savings (I get 1-2% interest on savings).  I can probably automate that but it doesn't come up often.

[PhilB]

No. I keep enough cushion in my checking account that it doesn't matter what is drawn when. I suppose I'm missing out on maybe $8 a month in interest, but keeping the bare minimum in checking with deductions precisely timed seems like a recipe for overdraft fees when something doesn't clear in time.

This.  I spent a couple of years obsessing about optimising my current account balance before the realisation dawned that it simply wasn't worth the time and the stress to save less than £1 a month

[Much Fishing to Do]

I pay myself my 'income' (from my MM to my checking) each month on the 5th and schedule all my auto deducts I can around the 15th.  This is purely for simplicity of me thoroughly understanding my current balance and monthly spending whenever I look at it without having to dig into the details of timing.  I found over time using dates near the very beginning or very end of the month for auto-things, sometimes weekends holidays seemed to make it move back or forward a day or two or three, which then can make monthly budgets look weird.  having my deducts scheduled 10 days after my income deposit give plenty of time for the inflow to happen first, but then the deducts happen early enough that as I approach the end of the month I can truly control spending (b/c all the required bills are already paid).  Of course now I just do it that way cause I'm used to it.