Idealist's Money Blog

Archive for July, 2008

Paying Bills with the Right Brain

I don’t mean to imply that idealists have ADHD, or that all those with ADHD are idealists, because that simply wouldn’t be true.

But sometimes ADDers have sensible ideas for managing personal finances, and their ideas actually work.

In “Six Overlooked Reasons why you are struggling with your finances: Reason #6 – System Failure,” John MacKenzie lists a few systems for success.

Here’s his tip for making bill-paying easier to do, and more likely to get done:

Putting all of your bills in one place. I have seen people who have separate folders for each bill that they need to pay, and while this works for some people, you are more likely to pay all of your bills if have them in one place. Many people also use electronic billing so that they don’t have to deal with as many paper bills. This will help to reduce clutter, just make sure you have a list of all the bills you pay so that you do not forget to pay one.