I overpay, it is true…
August 7, 2009 5 Comments
So I’m not sure if this is a dirty confession, or just something that I feel like sharing.
But I overpay my water bill. By a LOT.
I mean, why wouldn’t I want to put the extra money that I put on my water bill into my debt? Or spend it? Or put it into my emergency fund?
Well, I’ll tell you why. I HATE variable expenses. It is true. It is impossible for me to budget them, so I just don’t.
First it was both electricity and water that were variable every month. Then I called up the electric company and got myself some sweet-ass budget billing. They estimated how much I pay over a year in my apartment, divided that by 12, and I pay that every month for 11 months. Then in the 12th month I either pay less or more (depending on how much I went under or over my anticipated usage). The fun thing about this is that it is a CHALLENGE for me every month to use a small enough amount of electricity such that I won’t have to pay anything in that 12th month.
Now, I started doing this with my water. Normally my water bill ranges from $20-35/month (depending on how much I’m at home, how much I cook, how many loads of laundry I do that month, ect). Well, I decided that I’d just pay the maximum that I know it will be ($40/month). What does this mean? Well, I just got my water bill today and I have a credit of $58 on my account. Hot damn!
So what’s the point? Why am I do excited about a credit on my water bill? Well, for the same reason I’m stoked about not having to pay for my electricity for a month. This credit gives me a little bit of a buffer if FOR ANY REASON I can’t pay my water bill one month. It also feels really nice not OWING money, perhaps it is a psychological benefit. I just love over paying my reoccurring bills and knowing that in some month I DON’T have to pay it and that money can be used for something fun (like my credit card payment, or my E-fund, lol, so much fun).
Do you intentionally overpay bills you don’t have to? Why? Why not?