Auto - Pay: Credit Cards versus Debit Cards and ACH
Monthly autopay has become a very popular method for paying monthly bills. Usually, you just set it and forget it. Your cell phone company, insurance company, utilities, and a wide variety of monthly bills will allow you to set up your payment method and then they will do the rest. In fact, many places offer discounts for setting up automatic payments, and you don't have to worry about going past a grace period because a payment was delayed or lost in the mail if using autopay. Autopay has provided me with an extremely easy way to budget each month, and it saves me the work of having to schedule these payments each month using my bank's bill pay system. So, the debate has become all about whether to use a debit card, credit card, or an ACH (automatic electronic check) to make these payments. I will tell you that Dave Ramsey's stance is pretty much that you should have already cut up your credit cards and never go into debt again. I like that idea because it is very ea