Disclaimer: I (Michelle Dyer) am not a financial advisor, please contact one. The views in this video are strictly my own and do not reflect my employer.
Never make a late payment with… Auto-Pay!
Go check your last few bills – what was the average monthly minimum amount due?
Set up an auto-pay for a little more than that.
So, if you’re on the road and forget to pay your credit card bill by the day it’s due – at least you’ll have the monthly minimum paid, and you won’t get a strike on your credit score.
I know I won’t always have what’s due for my full credit card balance in my checking account, but I know I’ll always at least have the min amount due.
Then, throughout the month, when I’m looking at my finances, I make sure I have enough money in my checking account to pay off my credit card balance in full and not overdraw (spend more than I have) on my checking account.
Set it & forget it!