Every month it is the same routine: pay my internet bill online, then walk around town to pay the rent, water and electric bills. I would love to pay these online but the landlord and the water company are not set up for this and the electric company wants to charge almost $3 for the privilege.
It takes a couple of hours (if not longer) to walk to these places, stand in line and (finally) pay the bill.
As I was writing the checks out this month it occurred to me that even if it cost 50 cents a stamp to mail them I save only $1.50 when I walk around town to pay them by hand. This means I’m saving only 50 to 75 cents an hour for my effort.
If I started mailing in these payments I could free up this time every month to work on my business or write my next book. If I could use this time to generate just one extra book sale a month I would earn more money than I save by using that time to walk around town and pay bills.
Not too shabby for the price of a stamp.
I was rather surprised at that revelation; I’m so accustomed to saving money it never occurred to me that my thrift could actually cost me money
especially on such a simple subject. As a result I mailed in two of the three bills this month and hope to get permission from the landlord to mail in his rent payment as well.
Periodically we all need to analyze the things we do to see if they save us money
or are costing us instead. Sometimes the results are surprising.
Have you ever analyzed your habits to discover that one of your habits was costing you more than you gained? Please share your stories in the comments below.
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