Jan. 1, 2007
Another year, and another chance to get organized. Whether you’re getting ready to prepare last year’s tax return, planning to keep better records this year or just want to avoid a potential data disaster, the good news is that there are tech products that can help you.
Let’s start with financial record keeping. If you’re not already using online banking, give it a try. I know — you worry about security and you’re right to be concerned, but millions of people are banking online and the vast majority of people don’t get into trouble. Check to see if your bank offers free online banking and bill pay. If not, consider changing banks. Most banks not only let you see your balance and transfer funds between accounts but also pay bills either manually or automatically. Auto payment works great for bills that don’t change, such as fixed mortgages, car payments or rent. Be sure to read all the fine print regarding how long it takes for the payment to arrive and whether the bank takes the money out of your account right away, the day the payment is processed or after the payment reaches its destination. Most banks will let you issue online payments to anyone by drafting paper checks to individuals and small companies and electronic funds transfers to larger businesses like utilities and credit card companies. (more…)
