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Money Management: Pay Your Bills on Time

paying with cash

It is important that you pay all your bills on time each month. If you don’t, the extra fees on your credit card and loan repayments can cost you dearly. 

This also applies to your taxes, where late payments lead to penalties and extra interest. 

If you don’t pay your bills on time, all those late fees and extra interest charges can add up, and this can cost you unnecessary money. 

Manage your money well. Stick to a month-end process to ensure that you don’t have bills that fall through the cracks and end up costing you. 

Furthermore, if you build a credit history of being a poor payer, you may battle to get credit when you need it most. 

If you regularly pay your bills late each month, you are seriously just throwing money away in extra fees, penalties, and late interest. 

God’s word also instructs us that we need to pay our bills. 

“Give to everyone what you owe them: Pay your taxes and government fees to those who collect them, and give respect and honor to those who are in authority.” (Romans 13:7 NLT)

Lastly, we need to be people of excellence. 

“Work willingly at whatever you do, as though you were working for the Lord rather than for people.” (Colossians 3:23 NLT)

As God’s ambassadors, we need to honor him by setting a good example. This includes setting an example with our money management. When we don’t pay our bills on time, we are not being honorable. 

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