A few months ago, a man named Matthew Johnson was spending his days reading books, watching movies, and chatting on the phone with his wife.
He made it a point to pay for his bills with a defraying software program called DefrayPledge.
Johnson, who works as a financial advisor, decided to pay his wife a monthly defray for a couple of months in order to give her a little bit more freedom.
Johnson said the program is a great way to pay your bills quickly.
“The defray program gives you a discount to pay a monthly or yearly service and it does that by allowing you to send a payment via the app,” Johnson told Mashable.
“You’re not sending a bill every month.
You can pay it in installments.”
The app allows you to pay off your bills with an in-app credit card or debit card, but Johnson said that’s not always the best way to do it.
“I think it’s best to pay in installments and it helps you to know exactly how much you need to pay and it’s also the most flexible,” he said.
“I think if you’re spending more than what you’ve been paying it’s not necessarily going to be a problem, so if you just need to make it to a certain date you can do that.”
The program is also a great tool for people who live paycheck to paycheck.
“People who work for corporations, and they don’t have time to take out their credit cards and pay their bills, the defray is great to use because you can pay with your debit card or credit card,” said Joshua Blomquist, the founder of the financial app company Pay-it-Forward.
“There’s no need to send out a payment.
You just add the amount to your account.”
Blomquist said that, for example, if you work at Starbucks and your monthly pay was $1,200, you could just pay with a credit card.
“If you pay a certain amount, you’ll get a discount on your next Starbucks bill,” Blomquel said.
“It doesn’t take into account how much money you’re making in the first month, so you can get a really good value for your money,” he added.
Blomquel and Johnson said the defrays they use are not necessarily high-end, and that they have been successful with them.
“For instance, we pay for our rent with an average credit card and we’re paying for our water bills with cash,” Johnson said.
When it comes to getting the best deals, Blomquin said it’s important to keep in mind that there’s no one perfect defray plan.
“You don’t need to be the only one doing it,” he explained.
“A good defray system is one that works for everyone.”
DefrayPlege, which is part of Pay-It-Forward, provides more detailed information on how to set up a payment plan.
You can also check out our guide to how to pay by credit card, debit card and PayPal.