You also need to consider whether you will pay any of your recurring bills via any if your crest cards. If this is the case, you will want to make a note of that on your list if bills that you are creating in step number 1 above.
The tracking System. To complete this step, you will need to create a bill pay tracking sheet that you will set up to record and monitor that all of your bills are in fact being paid automatically via your bill payment plan.
Set up your and record your method of bill pay automation for each of your bills. You will note whether the bill will be paid through a recurring bill pay set up in your online banking system, or via ACH through your creditor, or whether you will have the monthly charge for any of your bills automatically charged to your credit card.
Don’t keep this a secret. Take the time to show your spouse or close family member how your system works and where you keep your bill pay tracking system notebook. This Bill pay tracking system notebook will serve as a road map to loved ones should you ever need them to step in for you if you become ill, etc.
Track your payments. In this all important step you will need to review all of your automated payments to see that they were automatically paid in the correct amount due by the intended date and by the proper bill pay automation method. You will see that this is indeed the lost important step and activity that you will take in your automated payment system.