Credit card auto-pay is widely heralded as a best practice in the personal finance world for those looking to avoid credit card late fees, interest payments, and negative impacts on your credit profile. “Never miss a payment!” just sounds so darn responsible, doesn’t it? As such, you may find it a bit surprising that I don’t use credit card auto-pay. Never have. And probably never will. And I would recommend that you not use auto-pay either. Here’s why: 1. Auto-Pay can Lead to Financial Ignorance & Apathy Budgeting can be a bit overrated (I don’t budget...
[Read the rest of the story at 20somethingfinance.com]
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[Read the rest of the story at 20somethingfinance.com]