Tomorrow never comes.

Yes, they told us in school that tomorrow never comes. But most of the time, we just want to forget it and try to put off everything till the last minute.

Exams: I’ll study tomorrow; let me go catch that movie today!
Cleaning: I’ll do it properly tomorrow. Let’s just take it easy today!
BILLS: The last date is still far away. I’ll do it tomorrow, or the day after…!

Sarita is one of such people and puts off everything till the last minute. She admits that 90% of the time she pays all her bills along with a “late fee” since she fails to pay them up in time!

Postponing the payment of your bills (just like every other task) can cost you more than just money. Sometimes people get trapped in such a quagmire of debt that it seems impossible to get out. Besides the extra financial burden, non-payment of bills can also give you mental tension and anxiety attacks.

Here are a few reasons why you should not ignore those bills or put them off till “tomorrow”…

Tomorrow Never Comes

This is the most obvious reason, right? As you keep postponing paying your bills till the last date, you will find yourself often missing the last date. People have so many things to do, so many errands to run that remembering to pay a bill on its last date is not really easy!

Late Fee

Like Sarita, you will also be spending a hundred or two on each bill that is paid late, even if it’s just a day late!

Mounting Interest

Credit card bills are easily the worst. They can land you in complete financial mess. The credit companies ask you to pay only the minimum amount. What they do not tell you is that they will charge monstrous interest on the unpaid amount. Imagine paying thousands of bucks in interest alone!

Uninterrupted Services

Whether it’s your cell phone or your land line, your electricity or the broadband internet connection, paying bills on time is important. Most service providers discontinue the service if bills are not paid on time. Gone are the days where you could avoid bills for months at a stretch!

Wanna Get On Your Feet?

A wise man said, “The easiest way to get back on your feet is to miss a car payment.” How true! The day you start missing those installment payments, your car will not remain yours anymore. The same applies to a house purchased with the aid of a housing loan.

Money & Muscle

Always remember, if you owe someone any money, they are going to get it from you ANYHOW! This is especially true for the private companies who disburse loans to all and sundry. But few people know that if they do not get their money back (and yours too in interest), they have enough muscle power to rough you up. In order to avoid any scuffles with goons, pay your EMIs on time!

Are You Creditworthy?

When you need a loan, you might not be able to get it! Most lending companies track the credit-worthiness of prospective clients before giving out loans. Not only will this affect the chances of getting a loan, this will also affect the rate of interest that you will be charged! So if you’ve been paying all your bills on time, you can ask for discounts. On the other hand, if you are a sloppy debtor, expect a higher rate of interest when you ask for a loan!

Anxiety & Stress

Who wants to live a life full of tension and stress? There is enough tension in all our lives anyway. Why would anyone want to pile on more stress by having a stock of mounting bills and payments? Pay your bills in time and enjoy mental peace!