Bills are a fact of life in the modern world, and while I technically have too many bills, I do seek to resolve that issue. In turn, when possible – I cut out whatever services that cannot be of value or is not affordable. I, in turn, have the following bills:
- Shelter (inc. Utilities)
- Clothing (Typically Laundry)
- Medicine / Hygiene
- Automatic Recurring Bills
- Callcentric (E911 Service)
- Pandora Premium
- Credit Lines (maintenance charges only)
- Capital One
- Merrick Bank
These are the costs to cover the most basic essentials of life. Everyone needs food, clothing and shelter. These are a guaranteed no matter what lifestyle or income level you are in.
These are vital resources for modern living. Whereas if you didn’t have the essentials, you could likely die – these are not such so severe but assumed to be a need for everyone today.
Automatic Recurring Bills
These are bills that come through every month and are automatically withdrawn from a card number I provide. These bills are accounted for in the budget, and when the charge comes through, the bill is then paid.
My credit lines aren’t being used at this time. Simply put, I won’t want to go back into debt with purchases at Amazon or Walmart. My Capital One card is carried with me to reduce the amount of cash I need to carry. If I use my Capital One card, the card then gets paid as soon as the transaction posts. My Automatic Recurring bills are split between my Chase Card, and Merrick Bank Card.
I used to have an American Express Card, but this was closed in July 2018. The reason for this closure is the card only provided $1000 at 26% APR. Neither the available credit or interest was of any good. Simply put, I went to other cards if I wanted to spend something.