10.1.2023

Members:

When it comes to paying bills on time, the best way to do it is to set everything up on auto pay. The challenge that individuals are facing today is managing the auto payments. There are so many it could be challenging and we're here to help you!

1) Establish a list: 

• Make a list of all the auto payments and non-auto payments you have for your bills. Take note of the bill name, and the date that it's due. 
• Take a look at how you are paid. Is it weekly, bi-weekly, twice per month, or some other frequency? 

2) Get organized:

• Some people find it easier to work with a calendar and write it all on that.
• Others love making a spreadsheet and organizing it using formulas.

3) Coordinate how you want to get set up:

• Do you want everything controlled by each place you pay your bills?
• Do you want everything controlled by the credit union to send out payments all from one spot?
• Do you not have a preference and aren't sure where to get started?
  • If it's this one, call us, we can help you! 

4) Setting up payment dates and end dates:

• Make sure you know how many payments you need to make until something is paid off. For example, you have a 36 month loan, do the math and make sure you set the end date so the loan payment doesn't keeping drafting from your account when it gets paid off. 
• Make sure you set up the payments to be after your pay day. You don't want to over draft your account and incur fees for making your payments. 

5) Periodically check on your auto payments!

• Just because something is set up, doesn't mean it's right. Always double check your work.
• Periodically check in and make sure the payments are all processing well.
• Remember: you are in control of your account, that means it's your responsibility too. 

As always, a Skyline team member is here to help you with any questions. 

Thank you for your membership,

James A. Higgins, MBA

President and CEO