282 | Bills & Your Budget: Common Mistakes To Avoid

Snag Our Signature Budget Template! Hey there, budget besties! 🎙️ It's Shana and Vanessa here, and we know you sometimes feel like your bills are playing hide and seek with your bank account. Today, we're diving into the top 12 mistakes that make your finances feel super messy and how to avoid them. Let's get into it! Episode Highlights: One Account Chaos Keeping all transactions in one account is like trying to find a needle in a haystack. Solution? Separate your accounts for bills, spending, and savings to get a clear view of your finances. Multiple Payment Methods Using different accounts and cards for bills? That's a recipe for confusion. Stick to one account for bill payments to keep things simple and trackable. Duplicate Payments Ever paid for Netflix twice? Consolidate all transactions into one account to spot and eliminate duplicate payments. Overlooked Subscriptions Those $4.99 subscriptions add up! Regularly review and clean up subscriptions to save money. Missing Out on Requotes Not requoting your insurance annually? You could be missing out on savings. Call a broker to get the best deals. Avoiding Auto-Pay Afraid of auto-pay? It’s your new best friend. It can save you money and prevent late fees. Skipping Paperless Billing Go paperless to reduce clutter and sometimes save money with discounts. Not Using ACH Payments ACH payments often come with fewer fees. Make sure to use them to save a bit more. Overdraft Fees Overdraft fees are money down the drain. Set up alerts and keep track to avoid these sneaky charges. Late Payment Fees Missing due dates costs you. Set up auto-pay and reminders to keep late fees at bay. Not Reviewing Your Bills Always check your bills for unexpected charges or increases, especially after promotional periods end. Forgetting Annual and Quarterly Bills Annual and quarterly bills can sneak up on you. Set up a separate savings account to prepare for these. Action Steps: Separate Your Accounts: Create a dedicated bills account and automate your payments. Review and Requote: Regularly review your bills and requote services like insurance annually. Track Subscriptions: Keep an eye on subscriptions and cancel those you don’t use. We know it's a lot, but trust us, tackling these mistakes will simplify your financial life and save you money. Start with the biggest impact change: separate your bills account and automate your payments. 4 Ways To Connect With Us: 1️⃣ FREE CALL: Book your FREE 20-Minute Financial Coaching Call now! Get personalized advice and start your financial journey ➡︎ https://www.budgetbesties.com/freecall  2️⃣ FACEBOOK: Become part of our Supportive Facebook Group. Connect, share, and learn with others mastering their budget skills ➡︎ https://www.budgetbesties.com/facebook  3️⃣ BUDGET: Grab our Signature Budget Template! It's your key to organizing and optimizing your finances effectively ➡︎ https://budgetbesties.com/budget  4️⃣ COACHING: Ready to dive deep into your finances? Sign up for 1-on-1 or Group Financial Coaching. It’s the accountability and guidance you need to make real progress ➡︎ https://budgetbesties.com/coaching  "I love Shana & Vanessa and this podcast is amazing!" < If that sounds like you, please consider rating and reviewing our show! It helps us to reach more people – just like you – to help them change their financial future. Don’t forget to follow the show so you don’t miss any episodes! And, if you’re feeling really generous, we’d be SO honored if you would share this podcast with someone.  Click here to view our privacy policy. This description may contain affiliate links, meaning we may get a commission at no cost to you if you click & purchase!