Do you remember when there wasn't online bill pay through your bank?

If not, let me tell you a story.

Not so long ago, after you received a bill in the mail, you would pay it with a check.

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You would then put the return portion of that bill with the check in an envelope and mail it to whoever charged you.

But it wouldn't move from your mailbox unless it had a stamp from the good old United States Postal Service.

READ MORE: USPS Warns to Avoid Mailing Checks - Here's Why

I still know many people who regularly use the mail to pay bills and for correspondence.

If you're not using your bank's online bill pay service now, you may want to consider doing so after I share this news.

July 2024 USPS Price Increases

The cost of a First-Class Mail Forever stamp will increase from 68 cents to 73 cents starting Sunday, July 14.

Additionally, mail service costs are going up as well.

ProductCurrent PricesPlanned Prices
Letters (1 oz.)68 cents73 cents
Letters (metered 1 oz.)64 cents69 cents
Domestic Postcards53 cents56 cents
International Postcards$1.55$1.65
International Letter (1 oz.)$1.55$1.65

Why does the cost of postage stamps continue to go up?

According to the Chicago Sun Times, it's all about "financial and operational struggles."

The USPS has also said that it is not immune to inflation. A word that all of us are all too used to.

The agency also works to even out spending and normalize employee pension payouts. However, it seems the money promised isn't there. It was supposed to be, but it is no longer.

Will this price hike change your mail habits? When was the last time you bought postage stamps? Let me know at Matt.Ryan@townsquaremedia.com.

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