Problem: How to handle money when away from home.

        Strategy: Plan carefully for bills, and arrange direct deposits for payments.

        Wilson Rosebraugh, financial consultant at Hilliard Lyons in Cincinnati, says automatic payments can be arranged for regularly recurring bills.

        The vendor being paid simply presents a pre-approved draft to your bank on a scheduled date each month. This works well no matter where you are if you remember to deduct the payments from your balance. You can also prepare payments before leaving, writing on the corner of each envelope the date the checks should be mailed. Just don't post-date checks and forward them ahead of schedule, or send a request to hold your checks until a deposit has been made.

        Direct deposits of income into your bank account are crucial for frequent travelers and snowbirds. Ask the generator of your income checks to send the money directly to your bank for automatic deposit in a designated account.

        Accessing cash can be tricky when you own a second home. In some areas, especially resorts, it is hard to cash an out-of-state check. Some people avoid this problem by using travelers' checks.

        Credit cards are also excellent, as most are widely accepted. And, if you are traveling for more than a month, you can arrange for the statement to be sent to your temporary address to keep the account current.

        If your home bank participates in an ATM network, you will have little trouble getting cash when you need it. Although your account may be assessed a “per withdrawal” charge, you may find ATMs safer than carrying large amounts of cash.

        Readers: Consider Savvy Strategies as general information only and seek the help of professionals because circumstances might vary.

        Planners: Share your unique tips with Enquirer readers. Send your Savvy Strategies to Amy Higgins, 312 Elm St., Cincinnati 45202 or e-mail ahiggins@enquirer.com.
       

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