Multiple bills are a pain – they arrive throughout the month so you never have a clear overview of your total monthly costs (unless you’re great at keeping a budget spreadsheet – and let’s face it, lots of us aren’t).
Rather than using lots of different companies, where possible look for places where you can consolidate the services you use – like energy, phone, internet and insurance. This is known as consolidated billing.
The stress of missing bill payments
Stress – who needs it? Forgetting to pay a bill is so frustrating. You can end up with interest charges, fines or just a series of angry letters with lots of red writing.
You can also end up shelling out money unnecessarily, or just causing yourself anxiety that could be avoided.
The Office for National Statistics published information about how financial pressures are affecting people:
- Half of adults (49%) that were behind on bills reported high levels of anxiety, compared with a third of those who were paying on time (33%).
- They were also more likely to report low life satisfaction, happiness, and feelings that things done in life are worthwhile.
The role of Direct Debits
Direct Debits are one way to make sure you don’t miss a bill – this authorises a company to take payments automatically from your account. Lots of utility companies also offer a discount for doing it this way.
Obviously you still need to budget your money to make sure there’s enough in your account to cover it on the payment date.
Juggling different deadlines
You’ve also got to be aware of all the dates that money’s coming out of your account.
You never know quite where you stand until all the bills have been paid, and then the cycle starts again at the beginning of the month.
It can feel like you’ve got no rest from it, which can chip away at your mental health and take up valuable time where you could be doing something for you.
Simplifying life with all-in-one bills
Cost savings through bundling
Companies like Utility Warehouse (UW) bundle all the main household bills into one. You don’t have to take all their services, but you’ll save money for each one you have. If you have them all (energy, mobile phone, internet, home insurance) then you’ll save the maximum amount.
Even better is that your monthly payment is hugely simplified, by bundling into an all-in-one bill. One bill, once a month, everything listed out – you know exactly what you’re paying, and when. It reduces the likelihood of missing payments or getting your monthly budgets wrong.
Reduced stress and tension
A consolidated bill means more time for you to spend on the fun stuff in life, without having to worry about bills clattering through the letterbox. Check out how UW’s all-in-one bill app to see how they do it.
Convenience and efficiency
The Utility Warehouse (UW) app also lets you manage or pay your bill, whether that’s by direct debit, credit card, or bank transfer – it’s flexible to suit your needs.
You can also see things like how much you’ve used your services, manage your account, and stay up to date and in control of your utilities.
Get organised with UW
Simple bills = excellent budgeting, saved time, less stress, more control.
Think about consolidating your utility bills with UW to make your life easier and save money.
Reduce the amount of bills that come out of your account, manage your money with ease.
