Automatic withdrawals are great, no more forgetting to mail out a check or call the creditor with your credit card numbers. The drawback, however, is forgetting about how many of those convenient withdrawals you have and how much they are for.
If you have set yourself up with multiple withdrawals, keep a close eye on your accounts. Each month look at the bill your creditor has sent you and make sure you’re accounting for the corrected amount. Setting yourself up with a little spreadsheet can also help remind you of the bills that are coming up. I like to include contact information, website and sign in information.
Here is an example:
It’s easy for anyone with multiple withdrawals to forget from time to time. Keeping a spreadsheet can give you all the information you need in one place. It can also help you to remember all the different passwords and websites, just remember to keep your file in a secure password protected area.
