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?
|
Utilities allow you to send money electronically. I use that money "address" to send money on the same day every month. Let's say my highest Villages water/ amenities bill is in August of $325.
1. I send $325 (my balance is zero)
2. I send an extra $325 once ( I have a credit balance of $325)
3. I send $325 on the due date.
4. Eleven months of the year I accumulate a small credit balance increase as I used the highest annual bill.
5. The bill increases annually slightly chipping away at the credit balance.
6. Revisit you payment amount in five years.