How many licks does it take to pay your bills?

08.06.2007

The Bite:
Too many. Why lick any envelopes at all when there’s direct bill pay? You’ll save hassle, trees, and energy. Plus, the cash you’ll save on stamps will buy you a few well-deserved Tootsie Pops.
The Benefits: 
  • It’s usually free. There’s no charge for 80% of U.S. online bill-pay services. Online banking saves banks money, so most banks bundle free auto bill pay with other services.
  • Convenience. Never miss another payment, and let your tongue rest easy.
  • More trees and water. If all U.S. households viewed and paid bills electronically, we’d save 18.5 million trees and 15.8 billion gallons of water per year.
  • More cash. Save up to $148 per year on stamps.
  • Safety. A recent study found people who bank online can reduce their chances of identity theft by 10% (and risk fewer paper cuts).
Personally Speaking: 
Along with annoying car alarms and global warming, late fees rank high on our list of upsetting things, but one of the easiest to avoid. Now we just need to figure out a way to auto-pay those auto parking tickets we keep getting...
Wanna Try: 
  • Ask Your Bank - most major banks have free bill pay services.
  • MyCheckFree - easy, free bill pay in case your bank doesn’t provide the service.
  • Paytrust - this service costs, but unlike most free services, it lets you pay any bill and keeps your records for eight years ($13/month).
Donna Schwartze and Somer Stephenson

Cocktail Fact

Engineering students at Purdue University created a licking machine that averaged 364 licks to reach the center of a Tootsie Pop. We, obviously, prefer to bite.

Bang For The Bite

If 10,000 Biters pay one bill online instead of by mail, we’ll save the weight of 831 bags of Tootsie Pops in paper.

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