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As long as you can manage paying your bills that are due on the same day, that is fine. Just remember that your checking account will grow much larger and you need to remember not to spend it because you are holding it to pay off your cards.
I personally made half my bills due the first week, and the other half mid-month, since I get paid every two weeks this eases the burden.
And you never know if your employer makes a mistake on your paycheck, then you are are really in a bind if you don't have enough cash in the account.
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