Why I Am Considering Changing My Credit Card Due Dates
Have you heard this saying: cleanliness is next to godliness? Well forget that! Simplicity is key in my life these days. And it is the reason why I am considering changing my credit card due dates. I have talked about simplifying my life over the last few months:
Juggling a few jobs, small kids, and this hobby can get overwhelming. Because of that I need to find ways to trim the fat in my daily life. If I can become more productive, organized, and efficient then I can make things go a little more smoothly. Juggling 40-50 credit cards between myself and my wife is something where I think I can accomplish that.
Change Your Due Dates….Why?
When you have a portfolio of cards, or binder I should say, it can be a time suck making sure they are paid on time. I also need to be on top of when annual fees bill and if I want to keep them or not. And you know we are always adding new ones into the fold, hello World of Hyatt credit card ;).
After thinking of ways I can streamline my overall process I thought, why not have all my credit cards billing cycle end on the same date? That would make life a heck of a lot easier. My monthly run through checking the statements for each card to ensure nothing nefarious is happening would be a snap. The initial process could be a little time consuming, setting it all up, but after that life would be much simpler. That is the key word there!
After the dates were changed over, to say the 15th of the month, I could simply check all of my credit cards in one sitting. I could blow through them pretty quickly since a majority of them are with a few banks.
This may not be ground breaking stuff but it should shave some time off my process and that adds up. If I can find a few more places to trim the fat I can free up a few hours each week. A few sweet and precious hours of freeeeeeedom (imagine my William Wallace voice there).
Have you ever done this or thought about doing it? Let me know in the comments section.