{"id":311596,"date":"2025-10-17T20:23:16","date_gmt":"2025-10-17T20:23:16","guid":{"rendered":"https:\/\/www.europesays.com\/us\/311596\/"},"modified":"2025-10-17T20:23:16","modified_gmt":"2025-10-17T20:23:16","slug":"3-types-of-bills-millionaires-never-put-on-autopay","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/311596\/","title":{"rendered":"3 Types of Bills Millionaires Never Put on Autopay"},"content":{"rendered":"\n

Autopay feels like one of life\u2019s little luxuries. Set it up once, and your bills<\/a> are forever paid on time, late fees vanish, and your to-do list gets shorter. For most recurring expenses, it\u2019s a no-brainer \u2014 why not make life easier?<\/p>\n

Find Out: 4 Secrets of the Truly Wealthy, According To Dave Ramsey<\/a><\/strong><\/p>\n

For You: 5 Cities You Need To Consider If You’re Retiring in 2025<\/a><\/strong><\/p>\n<\/p>\n

Here\u2019s the twist, though: Not every bill should be set up for autopay. Some expenses are better managed manually, especially when the amounts fluctuate, errors are common or oversight is essential.<\/p>\n

To understand why, GOBankingRates spoke with Michael Foguth, founder and president of Foguth Financial Group<\/a>, who shared the three types of bills his millionaire clients never automate \u2014 and why you might want to follow their lead.<\/a><\/p>\n

\u201cAutopay is convenient, but my millionaire clients are very selective about which bills they put on autopilot. Even with plenty of resources, they avoid three categories,\u201d Foguth said.<\/p>\n

According to him, high net worth clients often have multiple\u00a0cards for points<\/a>\u00a0or business expenses.\u00a0\u201cIf all of them were set to autopay the statement balance automatically, it could trigger overdrafts or liquidity issues in certain accounts,\u201d he said.<\/p>\n

More importantly, he said they prefer to review charges line by line to catch fraud, billing errors or duplicate charges. \u201cI had a client spot $2,500 in fraudulent international transactions simply because they manually reviewed before paying.\u201d<\/p>\n

Good To Know: 3 Signs You\u2019ve \u2018Made It\u2019 Financially, According to Financial Influencer Genesis Hinckley<\/a><\/strong><\/p>\n

Medical bills<\/a>\u00a0are notoriously prone to errors, double billing, miscoding and insurance issues.<\/p>\n

Foguth noted that putting these bills on autopay means you may be paying more than you should. \u201cOne client avoided a $1,200 overcharge by requesting a corrected statement instead of letting autopay sweep it through,\u201d he said.<\/p>\n

Some bills, like property taxes or seasonal utilities, can swing wildly from month to month, so\u00a0autopaying them can become unpredictable for your monthly budget. Managing these variable expenses more effectively might mean paying them manually instead.<\/p>\n

Foguth explained, \u201cA $300 average gas bill can suddenly jump to $900 during a cold snap.\u201d His millionaire clients prefer to review and plan cash flow before authorizing these spikes, rather than risk an unexpected hit to liquidity in one account.<\/p>\n

According to Foguth, the broader lesson here is that wealth doesn\u2019t eliminate the need for oversight.<\/p>\n","protected":false},"excerpt":{"rendered":"Autopay feels like one of life\u2019s little luxuries. Set it up once, and your bills are forever paid…\n","protected":false},"author":3,"featured_media":311597,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,157248,46442,157247,255,67,132,68],"class_list":{"0":"post-311596","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-credit-card-bills","10":"tag-medical-bills","11":"tag-michael-foguth","12":"tag-personal-finance","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115391379946271990","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/311596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=311596"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/311596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/311597"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=311596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=311596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=311596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}