Paying your bills on time is an intense, yet fundamental ability to learn. If you don’t you could fall behind with payments and that can leave you in debt, affect your credit rating and even stop you buying a home. We investigate the most ideal ways to pay bills in Nigeria and give tips on what to do in case you’re attempting to keep up and pay on time.
How to pay bills on time
It can be hard to oversee bills, particularly in the event that they are beginning to pile up.
That is the reason we’ve pulled together a couple of tips to enable you stay on top of your finances.
- Get organised. Get a folder and keep your bills in it. If your bills are digital, put them in a file on your PC. Keep track of when they need to be paid.
- Choose a payment method that suits you. Direct debit is usually the cheapest and easiest way to pay bills, but there are other options. Find out as you keep reading.
- Check your bills regularly. This means you’ll spot any mistakes and will notice if your bills rise and fall. Pick a day each month and use a calendar or an app to make sure you don’t forget. You can check payments on your bank statements.
- Don’t let your bills get on top of you. If you’re struggling to pay your bills, don’t ignore the problem, because it will only get worse. Read more about how to deal with arrears below.
Ways to pay your bills in Nigeria
- Direct Debit:Paying by Direct Debit implies your bills are paid on time, so you will stay away from late-installment charges.A few companies offer discounts for clients who pay by Direct Debit.
2. Pay online or phone banking:In the event that you bank on the web or by telephone, you can pay your bills directly.
It’s speedy and simple and you’re responsible for precisely what you pay and when, however you need to make sure to pay your bills in time.
3. By Post: By post – you can frequently send a check for the bill add up to the address gave by the business. Know it can take up to five days for them to process the check and get the cash from your record.
4. Post Office: you can often pay a bill by cash or card at the Post Office. There can sometimes be a fee for using this service.
5. Prepayment meter: Gas and electricity can be paid ahead of time by fixing up a key or a card which goes into your gas or power meter. This is the most costly approaches to pay for energy and when you run out of credit, you’re out of energy.