- Pay bills by ACH and online
- It costs about $1 to process a paper check: the check stock, envelope, ink, stamp, and time all add up.
- Paying bills online is cheaper (there are still bank processing fees and time) and has some residual benefits. Your money stays in your bank account longer and you can earn a little more interest. You know when a bill was paid because you’re controlling when the money goes out the door; you avoid payments getting “lost in the mail.” It is easier to reconcile bank statements when bills are paid online.
- Use a Rewards Credit Card
- If you have a church credit card, ensure that it accrues rewards. Over time, you’ll earn enough points to get some neat things, even a computer or tablet. When redeeming points, I suggest getting things which have a lifespan as opposed to airline miles or hotel stays. The latter are one and done whereas tangible things last several months or years which means you’re getting a better value.
- Some rewards cards have an annual fee. Do the math to see if you charge enough in a year to far more than offset that fee to make it worthwhile to get the card.
Lead On!
Steve
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