Having automated payments doesn’t necessarily mean you should put them on the back burner.

To keep up-to-date with your outgoing bills, you may want to make a note of which payments are coming out when. This could include setting up two types of calendar alerts: one in advance of your bill due dates so you know you have enough money to cover the bill, and the other on the actual due date.

“If you elect to use automated payments to pay your bills, you should still be aware of each transaction going out of your account,” Ms Mapusua said.

“Set up notifications on your phone to alert you of every payment, so you remain in control of your own personal finances.

“Always be aware of your bank balance to ensure you always have sufficient funds – adjust your budget if need be so you don’t overdraw your account.”

Another top tip when using automated payments is to always check your statements carefully. You never know if or when something may be charged incorrectly or at a higher rate than you initially thought.

Full Article: Savings.com.au