What Belongs on Autopay — And What Definitely Doesn’t - video Dailymotion

PennyGem’s Elizabeth Keatinge tells us which payments to set to autopay, and which ones not to!

Transcript

00:00Looking for ways to simplify your life? Putting some payments on AutoPay can take the thought

00:09out of taking care of your monthly bills. Money Talks News suggests putting retirement

00:14contributions on AutoPay. Figure out how much you need to set aside to reach your retirement goals

00:19and make an automatic contribution monthly. Your older self will thank you. Car insurance,

00:25that's also good to set on AutoPay and forget. But there are some payments you don't want on AutoPay.

00:31As GoBankingRates explains, if you have a cell phone bill that varies, you may be caught off guard by

00:36putting this bill on AutoPay. Utility bills can also fluctuate, so if you set those up on AutoPay,

00:42you may miss, say, a water leak in your house by overlooking a high water bill that was paid

00:47automatically. The gym membership is good to have on AutoPay if you're regularly going. If you have

00:53trouble keeping that New Year's resolution to work out, maybe paying it manually every month

00:59will remind you that you're literally paying for nothing if you don't go.