Paying Bills with Roommates on Time

Paying Bills with Roommates on Time

  When living with roommates, paying bills on time may end up being a problem if one, if not all roomies ar   e on top of things.  With multiple roommates, it becomes even more difficult to make sure each person is contributing their portion in a timely manner.  Everyone can get wrapped up in their own day-to-day responsibilities and forget about paying their bills at the beginning or end of the month.  Here are a few tips to avoid problems when sharing bills:    
  • Create a filing system for everyone.  Sort bills that are unpaid and paid for better organization.
  • Setup accounts with more than one person on the account, preferably 2 responsible roommates.  This keeps more people accountable and tends to keep up awareness of unpaid bills.
  • Check your account to make sure you have enough funds to cover the bill before you cut a check.  This will prevent overdrafts from occurring in your personal bank account.
  • Make sure charges on the bill are correct.  Cross-referencepaid bills with unpaid to make sure there isn’t a mistake made by the company.  This also allows you to keep other roommates informed as to what’s going on with your bills.
  • Keep communication levels up.  If there is a change in payment amount, make sure your roommates know.  They may be in the habit of writing checks for recurring payments, and end up writing a check for an incorrect amount.
Source: Creditcards.com Picture Courtesy of: catd_mitchell
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