I declined the option to automatically pay my credit card each month. I could have set it to pay the full amount by the due date and avoid any worrying. I could have avoided any reminders and let my bank accounts work in perfect harmony. But I didn’t.
Instead, I get a notice on the 1st of the month telling me that my bill is due on the 4th. Then, I use ING to pay the bill online. Sounds easy enough, right? WRONG. It takes a few business days for the payment to show up in my credit card account, so when the 1st is a Wednesday or Thursday, the 4th is a non-business day and the money doesn’t show up until Monday! That’s exactly what happened this month. So what did I do?
I went to an ATM, withdrew many hundreds or dollars from my ING checking account, deposited them into my Bank of America checking account, then paid the bill online (which was immediate because it was within BOA). What a hassle! Plus, even though the two ATMs were located within 30 feet of each other, I didn’t enjoy having so much cash in my wallet.
The truth is that I check Mint often enough that I would notice if there was a mistake with my credit card. If I got charged for something I didn’t purchase, I would figure it out pretty quickly.
So, in the name of reducing stress and being able to focus on other things, I’m finally “truly automating” my expenses. I can tick off one more thing on my list that I don’t have to think about each month. Score!