Posted on December - 14 - 2010
Use Your Apps To Save You Interest
This past fall I entered into the world of a smart phone user. I picked up an iPhone 4. Mostly because I get a good deal through my place of employment. Otherwise it would have been an expense I could live without. For the first little bit I was using it as an iPod for music and as one of those ebook readers for my books. This really isn’t the most productive use of the phone.
I am guilty from time to time of missing a credit card payment. It happens. You get the email or the snail mail and you forget about it. I hate paying interest and so should you. I haven’t paid a cent since I got my phone thanks to the world of banking apps. I downloaded my banks free app from the itunes store, set up my account and set up my monthly bills for credit cards and other payments such as cable or hydro.
Now everytime a bill comes in the mail, I grab my phone, load the app and make the payment over the phone and post date it to the date that it is due on. It is as easy as that. No more remembering two days later that you were to make a payment or getting bill the next month with interest on it.
Just remember to check the due date and make sure it isn’t a weekend or holiday. If it is you might want to move the day up a couple of days to make sure your payment clears.
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