Skip to Content

Exclusive: Rock Band Unplugged Track List

Automatic bill pay's dark side: Man's death undiscovered for two years

More
Text SizeAAA

Filed under: Banks, Home

Brian Dean was a private, reclusive man, one who went to and from his Lancashire, England home by the dark of night, one who paid his bills on time, and one who obviously had a quite substantial amount of money in his bank account. Because when he died in his bed about two years ago, the automatic withdrawals kept occurring to fund his utilities and other expenses, and no one thought to knock on the door.

Police officers broke the door down and discovered his body and a huge pile of unopened mail inside his door. It wasn't reported how they were inspired to check on the 70-year-old Dean.

While this is surely an extreme example of the blind efficiency of modern conveniences -- and is an argument for being connected to one's community -- it makes me wonder if setting up automatic bill pay from an account large enough to pay bills for years isn't ultimately a bad idea. Today I discovered that my Fidelity 401(k) account could be configured to pay my bills; and it seems a little too convenient to think that I could sell some stock to pay my water bill. I've always thought that keeping investments and savings less accessible and definitely separate from your checking account was the prevailing wisdom. Are we sacrificing too much for ease-of-use? [Thanks to Stacy Westbrook for the link!]
Subscribe to Walletpop

Reader Comments (Page 1 of 11)

How Much Should I Save?

$
$
%
Jennifer Horn
Jennifer Horn Filed under: Food, Saving

Penny-Pinching Picnics: Summer party tips that will save you money

Summer is here and that means it is BBQ season. We all want to have a fun, stress-free backyard get-together without breaking the bank. Here are some tips to make you a BBQ bigshot. Don't buy ...
Jason Cochran
Jason Cochran Filed under: Extracurriculars, Technology, Travel

Live, from Walt Disney World, it's the Obamabot!

Disney's big new attraction this year? The same as the media's: Barack Obama. Walt Disney World in Orlando, hunkering down for the economic storm, is in the rare position of not having any major ...
Jane Tuv
Jane Tuv Filed under: Sex Sells

Ukraine outlaws possession of porn, but can't define what it is

Make love, not porn, because if you live in the Ukraine, you'll get fined and sent to jail. Tuesday, Ukrainian President Viktor Yushchenko signed a bill into law, making the possession of pornography ...
Jason Cochran
Jason Cochran Filed under: Extracurriculars, Technology, Travel

Taken for a ride: 5 clever ways theme parks bleed you for extra

Some people think it's already pretty outrageous that a one-day ticket to a single Disney park will hit you for nearly $80. But when you're budgeting for your big summer vacation, you can't assume ...

Banking Tools

Use these bank account calculators and tools to help you make the smartest bank account moves.

    Headlines from WalletPop Partners