Due date strategies...help please

[grillandwinemaster]

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@Anonymous wrote:

No spreadsheets nor computer programs needed. I create the same due date for all of my cards.

Very easy and no spreadsheets or spending valuable time sorting through computer programs needed at all.

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I agree with Humu. Simplification, at least for me and Humu, is key.

All my credit card bills are due on the 18 th.  All my household bills go on one central card. My credit union auto pays the central card weekly. I don't have to think about bills! Easy Peasy Lemon Squeezy.

But we're all different and need to find what works best for us.  

[Dalmus]

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@grillandwinemaster wrote:

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@Anonymous wrote:

No spreadsheets nor computer programs needed. I create the same due date for all of my cards.

Very easy and no spreadsheets or spending valuable time sorting through computer programs needed at all.

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I agree with Humu. Simplification, at least for me and Humu, is key.

All my credit card bills are due on the 18 th.  All my household bills go on one central card. My credit union auto pays the central card weekly. I don't have to think about bills! Easy Peasy Lemon Squeezy.

But we're all different and need to find what works best for us.  

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 Exactly.  I think a lot of the difference comes from people who are closer to living paycheck to paycheck, which I spent a LONG time doing.  When that's the case, you WANT your bills spread out so that its easier to "rob Peter to pay Paul."   Thankfully I'm no longer in that position, but the bill pay habit is hard to break!  I generally schedule the EFT for the payday before the due date as soon as a new statement cuts.

[python0704]

I personally would prefer not having another organization monitoring my bank accounts.

I choose to let the statment post balance and pay it before due date. I moved the due date of all me and my wife's credit cards to 7th of the month. (They now close statement around 10th of the month and I don't care too much about that.) So on 1st day of month I write rent check and pay all the credit card bills. I set the monthly reminders on my phone for each account. After I pay one, I check off one, so no missed payment. On 7th I will check those accounts to make sure the payment posted. 

I now have a new card that eligible to move due date in two weeks, it will be move to 7th, too.

[mortimerwereback]

Very easy. Use "recurring events" in your calendar. Create an account, e.g., "Discover" then go into the event and set up a "never ending" recurring event to send you a reminder every 30 days. Click Save, and do that for all your cards.

[K-in-Boston]

OP, certainly let some of your balances post from time to time!

My due dates are spread throughout the month since I get paid weekly.  I use a large spreadsheet for everything with account name, opening (and closing if applicable) date of the account, balances, limits, available credit, utilization, APR, promos and ending dates, amount of monthly interest being paid on cards with balance transfers, closing date, due date, date of payment, amount of payment, confirmation number, date I last updated this row of the spreadsheet, and date and notes of CLIs and/or sign-up bonuses that need to be met.  It also calculates my overall revolving utilization, the dollar amount that I should not exceed to stay under 29% (used to be to get down to 29%) and loan-to-debt ratios.  Sounds complicated but it's really just a handful of formulas.  I have the accounts sorted by due date (grouped by revolvers, charge, mortgage, auto, student loans and other loans), and while I may be scheduling the account in advance, I always schedule the payment within a day or two of the statement closing.

[Anonymous]

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@Anonymous wrote:

I have a personal bias against Quicken over a debated and disputed $1.99 charge or something from back when Eisenhower was President, lol.  Amazing how a small irrelevant dispute over pennies can stick in a guy's brain for so long and probably hurts me more than it ever hurt them.

Never heard of Prism unless you mean the NSA's surveillance program and from what I can tell, they probably know more than I do about my finances, lol.

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LOL!!!

[Anonymous]

All my cards that were able to be changed have a due date of the 1st which makes the statement date the 4th.

[Anonymous]

That's the way I did mine. Some will let you change the statement date, others, the due date. Do the math and you can get them all done that way. Call them if you can't do it online.

[sarge12]

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@ChargedUp wrote:

I have a dedicated email address just for credit card bills and have it tied to my phone for access and alerts. In that email address is a folder for each card. When I get a notice that a statement is available, it stays as an unread email (and thus leaves a reminder on my phone screen) until I send payment and I get the notification that payment has cleared. Then I place both of those emails in the appropriate folder for future reference if necessary. 

I typically sign on each account at least once a week anyways, but the above has kept me straight with 10 cards + my wifes cards.

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I only need to keep up with 1 due date, that being the 1 I let report a balance. The rest get paid about the time the charges post on the account, around once a week I PIF every card except the 1, and that is the only 1 I normally even know the due date on, makes things really simple. Paying interest on credit cards is not of any interest to me any more, I spent too long playing sucker to credit card issuers in my youth, now in my waning years, I try to claw as much of it back as possible, every card is meant to make me money, and extend warranties as well as provide purchase protection...it is all about what benefit the cards are to me.

[CreditInspired]

Jjking
My routine is identical to yours. I also have all due dates on my iPhone and an alert from each CCC set 2 days prior to due date. The other thing I do is at the end of the month (between the 27-30th), I schedule all my bills through my bank's Bill Pay for the upcoming month. This has worked great for me.