Interrupter CheckmarkInterrupter IconFacebookGoogle PlusInstagramGroupRamsey SolutionsTwitterYouTubeExpand MenuStoreCloseSearchExpand MenuBackStoreSign in

Ask Dave

Autodraft For House Bills?

Cheryl asks if setting up a checking account to automatically draft house payments is a good idea.

QUESTION: Cheryl asks if setting up a checking account to automatically draft house payments is a good idea.

ANSWER: You should absolutely put your house payment on automatic draft if it’s offered for free.  You can set this up and even pay extra each month to get out of debt faster.

You’ve probably heard this is a bad idea because banks and creditors want you to remain in debt.  Automatic payments are a fantastic idea because you’re always on time, which reflects positively on your credit and helps you avoid late fees.
Thank you! Your guide is on its way! 

Learn to Budget Like a Pro!

Learn to Budget Like a Pro

Get the Free EveryDollar Guide to Budgeting

Learn to Budget Like a Pro

Get the Free EveryDollar Guide to Budgeting