Quote:
Originally Posted by Toymeister
I push all funds to the biller.
For reoccurring bills, utilities, I take the highest annual bill amount and push it, then set up payments at the high amount on the due date so, I have one extra payment already in the account as a credit balance. I also gain slightly most months by paying the highest annual bill amount.
In this way I have constant, steady payments. It will be years before my bills require attention. The amount of interest I lose by overpaying is insignificant. The piece of mind is priceless.
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TM, if you have an opportunity, please expand on this. How do you "push?" Is that an automated process or do you have to actively do it each month? You figure out your highest average monthly bill amount for a particular creditor and then send that. In doing so, a small balance is generally gained over time that allows for a fudge factor should things not work as planned?
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Chino 1960's to 1976, Torrance, CA 1976-1983, 87-91, 94-98 / Frederick Co., MD 1983-1987/ Valencia, CA 1991-1994/ Brea, CA 1998-2002/ Dana Point, CA 2002-2019/ Knoxville, TN 2019-Current/ FL 2022-Current
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