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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: Jody Ritchie who wrote (413)12/2/1998 9:37:00 PM
From: axp  Read Replies (1) of 20297
 
This automatic debit has always been one of my big questions about CheckFree too. But I'm coming around.

I started out having my mortgage paid automatically. That was easy to keep track of since it was a fixed amount. Then, because I hate writing checks and doing the envelope/stamp thing I let my electric, gas, and telephone bills get automatically paid. This is easy and free, but it's getting harder and harder to balance my checkbook because I have to lookup all those statements, figure out what day they billed me etc.

If I had the option of doing this online with a few clicks I'd take it. I'm really a cheapskate about monthly fees. I use Quicken for everything (for the last 8 years), but I don't pay for any of their extras (paper checks, CheckFree, etc). And I really burn when I have to pay exorbitant fees for paper checks.

This is all to make the point that even for someone who hates fees, I'm just about to the point where I'll sign up as long as it's in the same neighborhood as my bill-pay costs now. While automatic payment is the easiest, it forces me to keep a higher balance in my account than I'd like to because I'm not sure when those charges are going to hit. It's not an overdraft problem - I hate the fee when the balance drops under the minimum ($1000).

And I'll bet once someone starts doing it electronically you've got em - they'll never go back.
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