Opening a bank account strictly for the use of paying your monthly bills is one way to help you to stay within your budget. The money you put into this account is to be used only for bill payments and nothing else. It is also wise to put a little extra for emergencies. Your regular account represents your spending money or your “play money”. Once this money is spent, you are done playing! If you begin to dip into your bill paying account, you can be almost be sure to fall behind in your financial responsibilities. If you never dip into this account, you can be sure that you will never get collection calls or letters from a debt collection agency such as diversified collection services inc.