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By Miriam Caldwell, About.com Guide to Money in Your 20s

Online Banking and Online Bill Pay Can Save You Time

Saturday March 15, 2008

The Internet has made so many aspects of our lives much easier. You can save yourself time and money by paying your bills online. Although the initial set up may take a few minutes, you will be glad when you can pay the bill online with just one little click. You will never have to worry about your checks getting lost or stolen as well.

You may also want to consider switching to online banking completely. Many banks will allow you opt out of your statements being mailed to you. This is good for the environment (saves trees), it saves the banks money, and it can help to protect you from identity theft. Many identities have been stolen when an item has been delivered to the wrong address or people have stolen the mail. It also makes balancing your account a lot easier to just let your computer do it for you, when it downloads the statements each month.

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