||Paying or Sending Money
|Although many people continue to pay by cash
or check, there are a number of faster and more convenient
ways to pay your bills and obligations --
some that may even save you money.
The main choices are:
- many companies will take payment over the
internet through direct debit to your checking
account or a charge to your credit card (for
example, telephone companies will often allow
you to transfer your monthly charge to your
credit card). If not, most banks offer electronic
checking that allows you to direct your bank
to issue a check directly. See our article
on automatic & online bill paying to learn more. Properly used, you can avoid
missed payments and expensive late fees.
- paying for purchases with a debit card or
"stored value" card, which eliminates
the hassle of checks and keeps you from overspending
what you have in the bank.
- you can delay paying for purchases by putting
them directly on a credit card.
- and if you need to get cash to someone in
a hurry, there are a number
of services that
help you send money to most everywhere in the world.
Using one of the above methods for paying
will, unlike paying with cash, provide you
with a record of your payment and the amount
of the expense. And, unlike with checks,
these payments avoid the hassle of writing
out checks and balancing a check book.