In response to Aaron Brandon’s weekend task, I set about to automate my billpaying. I was largley successful.
I was able to automate all but three of my regular bills. With the exception of those three, I’ll never have to spend a single second paying bills again.
How did I improve the remaining three?
The last ones were bills that I would take the time to write out a check or go buy a money order for. I’d then fill out the pay stub, rummage around for the correct postage and affix a return label. Next I’d drive to the post office to mail them personally as I wanted to be 100% sure the task was completed.
I rarely paid them all at the same time and would usually make two trips a month to mail the three.
Well, I took the time to set up accounts and fill in my banking info on the Web-sites of these three bills so that I could pay them in seconds using the Web. I then bookmarked the log-in pages and put them in their own bookmark folder.
Now to test things out…
I open the three Web pages and one at a time, I log in and pay all three bills. I punched my Polder digital timer when I started and again when all three had been paid. Total time: 2 minutes 32 seconds.
I estimate that the old way of doing this took 90 minutes/month.
Here’s what I’ve gained by investing a little time today.
I have freed up almost an hour and a half per month. Also, I would periodically think about those bills all month reminding myself to pay them. I have set up a series of e-mail and physical reminders that allow me to never think about them and know that I won’t forget to pay them… ever.
I’ve removed that negative “bill” thinking so I can now replace it with “income” thinking instead. That’s the reall gain here.
So did I fully automate my bills? No, they’re about 97% automated based on time. However, I can and will fully automate these last three bills in the coming months as I figure out how to do that.
Go look at Aaaron’s task challenge, pick one and get it done today: http://www.aaronbrandon.com/?p=43
Richard Lee