Quote:
Originally Posted by ElDiabloJoe
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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I do the same process. Yes, there is a small negative balance each month of overpayment, and i pay in advance of the invoice being generated so the amount of each invoice is less than zero. . . We use Citizen's and Bank of America. At each, I can set up recurring payments of any amount monthly to the vendor. . how it gets there, up to them. .
I also auto transfer $200 each week to my $1K limit visa card on which all my ad hoc expenses are paid, gas, groceries, investment newsletters, etc. and that is running a huge negative balance after I stopped working
So each month, I just look at the balance, and if negative, i just file the bill, and continue on with whatever else i was doing.