Autopay is a convenient way to manage bills, but not all expenses should be put on autopilot. Millionaire clients of Foguth Financial Group avoid putting high net worth clients often have multiple cards for points or business expenses on autopay to avoid overdrafts or liquidity issues. They prefer to manually review charges to catch fraud or errors. Property taxes and utilities can fluctuate dramatically, so it’s best to review and plan cash flow before authorizing autopay for these bills. Wealth doesn’t eliminate the need for oversight, especially for large, variable, or error-prone expenses.

Read more at Yahoo Finance: 3 Bills My Millionaire Clients Never Put on Autopay