A 2023 survey by InvoiceCloud found that the majority of baby boomers do not prefer to pay their bills online, citing less confidence in mobile apps and websites than their younger counterparts.
And, with elder fraud running rampant, who can blame them?
However, utilizing online payments means having easy access to autopay. And there’s no denying autopay has benefits. Explore More: Suze Orman Reveals the No. 1 Bill You Should Pay First Each Month Read Next: 9 Unusual Ways To Make Extra Money (That Actually Work) Seventy-year-old retired teacher, Dennis Finnigan, of Fort Lauderdale, Florida, keeps essential bills on autopay because “missing even a couple payments could have some serious consequences,” he stated.
Plus, not only does autopay give him peace of mind, it helps maintain his credit score. Here are the six bills retired boomer always keeps on autopay. Electric “This one’s easy,” Finnigan said. “If I miss a few payments, I’ll literally be in the dark.” And no one wants to wind up with their power shut off over an oversight.