One way to reach your financial goals is to “set it and forget it” when saving and investing money.
You can even put important bills on autopay to avoid late payment fees. But not everything should go on autopay.
There are some bills that, once on auto-renewal, can drain your bank account and bust your budget.
Here are some items to avoid putting on autopay.
1. Warehouse club memberships
Warehouse clubs like Costco and Sam’s Club offer annual memberships. With these, you have the option to set up auto-renewal, so you’re charged automatically each year.
Rather than assuming that you’re getting good value from the warehouse club membership, evaluate…
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