Three times in the last two months I have failed to pay a bill. I'm not sure what is going on with my bill paying system except that I've narrowed down the problem to - me.
Each month, I create a monthly spending plan which is based both on our yearly spending plan and the prior month's spending plan. Not much changes from month to month except the normal fluctuation up and down of our bills and the occasional appearance of a quarterly, semi-annual or annual bill. Then comes the first and/or the fifteenth of the month and I pay our bills, I cross them off the spending plan, I enter them in our check registrar, I deduct the amounts from our various accounts and I actually pay our bills, most of them, via on-line bill pay.
Looking back on the last two missed bills, I see that I crossed the bills off on our spending plan, I entered them in our check registrar, I deducted these monies from our total, etc. But, what was missing was the actual bill pay. I can't recall whether I missed the on-line step in total or whether I entered the bills into the on-line system but failed to hit that last button.
So, I've got to rethink my system and add in a final double checking step to make sure that the on-line payments are reflected in my pending payments at the end of the process.
What is your system, does it work for you, have you ever had this type of failure?