Out · Daily Grind
Cash & Bills
Definition
How darn hard can it be to get to the bank so you have adequate cash on hand (after consulting the “Money Manager,” who can help define the standard for adequate)? Enter this cardholder, who will set up a system that prevents all interested parties from ever uttering or hearing, “Sorry, hon, I’ve only got five bucks.” This CPEer also handles the payment (on time!) of all bills, whether online, checks in the mail, or auto-pay, and balances the checkbook (or the virtual equivalent). Cozy up with the “Mail” cardholder, who will ensure paper bills come your way.
Conception
Bills need to be paid
Planning
- Set up auto-pay and/or reminders
Execution
- Withdrawing cash for the week
- Paying all bills and vendor invoices (auto pay/electronic, Venmo, checks, cash)
- Balancing checkbook
- Doling out children’s allowance
Minimum Standard of Care
Do you have cash when you need it?
Were all the bills paid on time with no late fees?