Financial Fitness with Alan Akina - Bill Paying Tips

Paying that monthly bill is an important thing to do.

I'm probably not alone in saying that I've missed a payment maybe once or twice, or at least been late on a payment.

Alan Akina can help us with that in this morning's Financial Fitness Report.

Good morning, everyone. Have you ever missed or been late on a bill? If so, I have a tip for you today that is simple and will help you to never miss or be late on a payment again. But before I jump into that, I want to tell you why it's important to not miss or be late on a payment. According to FICO, the credit scoring company, any missed or late payments fall into the category of payment history, and payment history counts for up to 35% of your credit score. It's the largest piece. Now here's a tip: if you have a web-based email system like Gmail, Yahoo Mail, or Hotmail, most of them have an online calendar that will allow you to schedule your bill due dates And can be set up to email and even text you a reminder. I would set up your reminder to come in a day or two before the due date to give you enough time to complete the payment, on time of course. This financial fitness tip will be on the KHON 2 webpage. For Wake Up Today, I'm Alan Akina. See you next time.