Weird But True: Paying Bills Online Can Make A Lot Of Sense.

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Your bills are sent to your financial institution and the institution automatically
pays the bill for you each month.

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The main problem with automatic payments:

• The bill may be bigger than you think and may cause you to bounce other checks and payments.
  • Your automatic payments just messed up your account and maybe your credit!
  • And you pay big bounced check fees.

How to avoid the main problem:

• Pay your bills online, but don't pay them automatically.
• Think about automatic payments in a couple of years after you're used to managing your checking account.