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You've got a bill. You've got the money. Bill's not due for two months. What do you do? Login/Join 
Member
Picture of vthoky
posted Hide Post
quote:
Originally posted by OKCGene:
Hey where's the member who always says "hookers and blow"?


It's your turn! Big Grin

quote:
Originally posted by LS1 GTO:
The longer you keep the money, the more valuable it becomes.


I think I see a couple of ways to interpret that. What's your viewpoint?




God bless America.
 
Posts: 14185 | Location: Frog Level Yacht Club | Registered: July 15, 2007Reply With QuoteReport This Post
Member
Picture of erj_pilot
posted Hide Post
Unfortunately my mortgage company will not allow me to self-escrow without a resultant increase in my interest rate...even if I'm 20% vested. Pretty crappy, if you ask me, but my interest rate is ridiculously low. That being said, if I were allowed to self escrow and pay property taxes on my own, I would set up auto-pay with my bank so that the checks arrived on the due date.

To add, the statements I get do say do not pay with auto-pay from the bank, but guess what? I've paid with auto-pay in the past and didn't hear one complaint. IMHO, that's a whole helluva lot more reliable than my dropping an envelope into the mailbox. No telling where in the hell it'll wind up then...



"If you’re a leader, you lead the way. Not just on the easy ones; you take the tough ones too…” – MAJ Richard D. Winters (1918-2011), E Company, 2nd Battalion, 506th Parachute Infantry Regiment, 101st Airborne

"Woe to those who call evil good, and good evil... Therefore, as tongues of fire lick up straw and as dry grass sinks down in the flames, so their roots will decay and their flowers blow away like dust; for they have rejected the law of the Lord Almighty and spurned the word of the Holy One of Israel." - Isaiah 5:20,24
 
Posts: 11066 | Location: NW Houston | Registered: April 04, 2012Reply With QuoteReport This Post
"Member"
Picture of cas
posted Hide Post
Pay it now before you do something stupid! Big Grin


_____________________________________________________
Sliced bread, the greatest thing since the 1911.

 
Posts: 21518 | Location: 18th & Fairfax  | Registered: May 17, 2003Reply With QuoteReport This Post
Alea iacta est
Picture of Beancooker
posted Hide Post
I’d pay it immediately. I pay all my bills on the same day. Makes life easier. Some are paid a couple weeks ahead of the due date.



quote:
Originally posted by sigmonkey:
I'd fly to Turks and Caicos with live ammo falling out of my pockets before getting within spitting distance of NJ with a firearm.
The “lol” thread
 
Posts: 4525 | Location: Staring down at you with disdain, from the spooky mountaintop castle.  | Registered: November 20, 2010Reply With QuoteReport This Post
Drug Dealer
Picture of Jim Shugart
posted Hide Post
^ ^ ^ ^
I do too. Just something less to worry about. That money in your bank account isn't generating any interest, it's just sitting there.



When a thing is funny, search it carefully for a hidden truth. - George Bernard Shaw
 
Posts: 15529 | Location: Virginia | Registered: July 03, 2007Reply With QuoteReport This Post
Dinosaur
Picture of P210
posted Hide Post
Almost everything is autopay and the couple that aren’t I usually pay when I get them. I miss out on squat as far as interest vs getting hammered in late fees and interest if I toss them in a pile and forget to get to them by the due date.
 
Posts: 6968 | Location: 96753 | Registered: December 15, 1999Reply With QuoteReport This Post
Member
Picture of cparktd
posted Hide Post
quote:
Originally posted by Jim Shugart:
^ ^ ^ ^
That money in your bank account isn't generating any interest,


Well... mine does. I live off my investments mostly, and some social security, so it sits in a combination of 401k, IRA, various stocks, tax free government bonds, and mutual funds, administered by my guy at Edward Jones until my monthly draw from my account.

And with 3 houses to pay tax on and a 5,000 sq foot warehouse it is not an insignificant amount.



Collecting dust.
 
Posts: 4219 | Location: Middle Tennessee | Registered: February 07, 2013Reply With QuoteReport This Post
The Unmanned Writer
Picture of LS1 GTO
posted Hide Post
quote:
Originally posted by vthoky:
quote:
Originally posted by OKCGene:
Hey where's the member who always says "hookers and blow"?


It's your turn! Big Grin

quote:
Originally posted by LS1 GTO:
The longer you keep the money, the more valuable it becomes.


I think I see a couple of ways to interpret that. What's your viewpoint?


You indicated it was your property taxes. The amount due won't incur penalty until after due date (0% loan essentially).

The money you have in pocket can be deposited into a short-term CD and earn 3%-7% (my bank offered a special where six month paid 7% and 12 paid 7.5%).

Now, if you pay the taxes early, the city will do the same (just with a lot more cash)






Life moves pretty fast. If you don't stop and look around once in a while, you could miss it.



"If dogs don't go to Heaven, I want to go where they go" Will Rogers

The definition of the words we used, carry a meaning of their own...



 
Posts: 14257 | Location: It was Lat: 33.xxxx Lon: 44.xxxx now it's CA :( | Registered: March 22, 2008Reply With QuoteReport This Post
Member
Picture of vthoky
posted Hide Post
quote:
Originally posted by LS1 GTO:
The money you have in pocket can be deposited into a short-term CD and earn 3%-7% (my bank offered a special where six month paid 7% and 12 paid 7.5%).


That's where I thought you were going with that.

Oh, and um... Holy smokes! I'd LOVE for my bank to offer 3-7%!! Best I can find right now is 2%, and that's on 13 months.




God bless America.
 
Posts: 14185 | Location: Frog Level Yacht Club | Registered: July 15, 2007Reply With QuoteReport This Post
Oriental Redneck
Picture of 12131
posted Hide Post
Have the money? Pay the bills. They are not going to just magically disappear.


Q






 
Posts: 28223 | Location: TEXAS | Registered: September 04, 2008Reply With QuoteReport This Post
That rug really tied
the room together.
Picture of bubbatime
posted Hide Post
I have a very organized bill payment system, using a very detailed spreadsheet I custom built.

If you don’t get any discount for paying early, then I would pay it 5 days before due with my banks online bill pay. I don’t give the govt money too early if I can help it. The money can sit in my account and give me flexibility for a large unforeseen purchase if necessary. Flexibility in the sense that having the extra money allows you options in paying for things.


______________________________________________________
Often times a very small man can cast a very large shadow
 
Posts: 6715 | Location: Floriduh | Registered: October 16, 2004Reply With QuoteReport This Post
Ammoholic
posted Hide Post
I voted something better. Wink

Long ago we figured out that I am too busy with whatever work I am doing to be worth a darn at paying bills. Thus, my lovely bride pays the bills. When she gets them, she opens them, looks them over, marks the due date, the amount due, and whether it is a ranch bill or a personal bill. Then she stacks them in order by due date in her “bill spot” on her desk. She used to write the check and mail a week ahead of time, but since moving banks she does almost all of it via bill pay.
 
Posts: 7221 | Location: Lost, but making time. | Registered: February 23, 2011Reply With QuoteReport This Post
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Picture of Ironbutt
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We get a 2% discount if the taxes are paid within a certain time period, so it usually gets paid the day I get the notice. I'm the same way with any bill though. When I get a bill, I pay it right then & there. It's just the way I am.


------------------------------------------------

"It's hard to imagine a more stupid or dangerous way of making decisions, than by putting those decisions in the hands of people who pay no price for being wrong."
Thomas Sowell
 
Posts: 2048 | Location: PA | Registered: September 01, 2013Reply With QuoteReport This Post
Lawyers, Guns
and Money
Picture of chellim1
posted Hide Post
quote:
Originally posted by vthoky:
Bills for property taxes and real estate taxes have arrived already, not due until December.

Question:
When would you choose to pay, and why?
* Wait seven weeks! Why let someone else use my money for that time?

Just as a matter of principal... it's my money until it's due.
Of course, if it's a large amount of money there's also the opportunity cost. But if you aren't investing it, that's probably not much.



"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible."
-- Justice Janice Rogers Brown

"The United States government is the largest criminal enterprise on earth."
-rduckwor
 
Posts: 24879 | Location: St. Louis, MO | Registered: April 03, 2009Reply With QuoteReport This Post
Member
posted Hide Post
I learned two things as a child-never be late for anything and always pay your bills.

I almost always pay my bills the same day I get them in the mail (cable, cell phone, etc.) Though I have been blessed and probably won't be unable to pay them if I wait till near the due date, I have this (perhaps irrational) concern that "something" might happen, so they get paid immediately.

I'd pay it now, if I was the OP, as it feels good not to have anything owing or anyone having any claim on whatever monies I have left.

Bob

This message has been edited. Last edited by: straightshooter1,
 
Posts: 1711 | Location: TampaBay | Registered: May 22, 2009Reply With QuoteReport This Post
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posted Hide Post
My checking account pays interest. But I still pay bills as soon as I can regardless of the due date. I don't want the bill "hanging over my head." I don't want to forget it and have it overdue. It's worth it to pay the bill ASAP and be done with it. The 3 cents interest I loose (which is about what it would be for most bills) is not worth having the bill hanging over my head.
 
Posts: 1087 | Location: New Jersey  | Registered: May 03, 2019Reply With QuoteReport This Post
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posted Hide Post
quote:
Originally posted by RHINOWSO:
I pay everything via my bank web-bill pay. They either pay directly electronically or mail a bank check.

If it's not due for weeks, I enter it and program it to be paid 3-5 business days early.


This except I go about 10 days early. Learned the hard way to factor in processing incompetence.
 
Posts: 2117 | Location: Just outside of Zion and Bryce Canyon NP's | Registered: March 18, 2012Reply With QuoteReport This Post
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posted Hide Post
typically would pay the bill 'early'

but there are exceptions

----------------------------


Proverbs 27:17 - As iron sharpens iron, so one man sharpens another.
 
Posts: 8940 | Location: Florida | Registered: September 20, 2004Reply With QuoteReport This Post
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posted Hide Post
As long as your pretty confident you will still have the funds in the account two months from now I would wait. Like others said, I have online bill pay through the bank. I would schedule it to pay a day or two before the due date.


 
Posts: 5490 | Location: Pittsburgh, PA, USA | Registered: February 27, 2001Reply With QuoteReport This Post
Member
Picture of vthoky
posted Hide Post
This poll is coming out about the way I expected -- I figured most responders would be of the "go ahead and pay it" mindset.

The interest I'd earn leaving the money in savings for two months is less than negligible, but it's nice to have those dollars on hand in case there's a quickly-recoverable "oh, crap" moment between now and then.

The county wants a piece of the statement back with the check, so the online bill pay thing is out. I may just go ahead and write the checks, then hold onto the envelopes until about two weeks before the due date. That way the payments are ready when they need to go, and the dollars are still mine until right before that time.




God bless America.
 
Posts: 14185 | Location: Frog Level Yacht Club | Registered: July 15, 2007Reply With QuoteReport This Post
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