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The Bill Game - I will keep on paying

June 2nd, 2011 at 05:27 am

I started this game with my bills, where I would add a little extra to each bill, each month, in order to get a month ahead.

Well, it worked, and this month, I got two bills in the mail that say "Credit of: xxx amount of dollars, Do Not Pay" and I thought, why not. This sets me up for the fall/winter time when my husband is not working as much and our income is significantly lower. It would be better to be working off a credit going into those months, instead of struggling to make the payment.

I am going to keep on paying and keeping track of my credits. It would be great if I got all of my bills to that point come December, January and February and got "Do Not Pay" on all of them.

It was a fun experiment and it proved to work showing me this month that I am ahead of the bill paying game on two expenses.

4 Responses to “The Bill Game - I will keep on paying”

  1. HouseHopeful Says:

    Are you doing this with bills like utilities? It sounds like you're almost doing your own budget billing - in the low amount due months, you pay a higher amount so that in the high amount due months, you don't have to struggle.
    I do something similar. However, instead of paying extra to the electric bill, I have an average amount budgeted & any extra above what the actual bill amount goes straight to an ING account for utilities. That way I am earning interest (however small) and I don't have to worry about them screwing up the application of overpayments.

  2. NJDebbie Says:

    I like that very much! I'll have to try it.

  3. debtfreeme Says:

    I do this with the gas and electric bill a couple times a year so that there is a nice credit during the other months. I usually have lower bills in April and May and then again in Sept-Nov so I pay the amount i budget to have a credit for the summer/winter months. In the summer it usually lasts all summer, for the winter it lasts for Dec-Jan and sometimes part of February. Then I use the extra saved to my Roth IRA.

  4. CampFrugal Says:

    Yes, with my electric, gas, homeowners/vehicle insurance, cable/internet/phone and cell phones. I am already on the budget plan with my electric and gas, where I pay the same amount every month, so I don't have big bills in the colder months, that way I have the same set budget every month, instead of guessing. But, I figured if I added just a little more (I used a percentage) to each bill, I could really get a head of the game and it worked. My insurance bill and my gas bill both say "Credit, Do Not Pay".

    I think I will keep sending some money to each of those bills, along with my regular percentage to the other bills, and reap the rewards in the winter months. That is especially when I could use the extra income on the "Do Not Pay's".

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