
1. Paying bills too early: You don’t want to get in the habit of paying bills simply because they’re on your desk. If you have a bill that is due in net 30, wait until you’re closer to that 30-day point to pay the bill. If you pay a bill early, the only cash management you are helping is that of your vendor. Keep that money in your bank account for as long as you can so you can potentially make some discretionary interest on it.