Do You "Equal Pay" Your Utilities?
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Do You "Equal Pay" Your Utilities?
| Thu, 12-29-2005 - 1:07pm |
Another helpful tidbit for budgeting...
Many of the utility companies have a payment plan akin to "Equal Pay" where you pay roughly the same amount of money each month for 11 months, then the 12th month is the "settle up" month where either you pay them or they pay you, and in that month, they can better determine your rate for the next 11 months.

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We do and I don't think ours has a settle up month-instead they divide that out over the next 12 months as well. At least I think I've got that right....
Taleyna
All my best,
Danni
Our utilities offer equal pay plans, but we don't use them. Why should they get to keep my money in the summer and earn interest on it? LOL Instead, we worked out our monthly average ourselves, and in cheap months we set aside the extra in a savings account where it earns interest. In expensive months, we transfer the necessary amount into our checking account.
This wouldn't work in a situation where someone has trouble leaving money alone if it's there, but it works great for us.
All my best,
Danni
Our ulitity company does offer this payment plan. However, we don't take advantage of it. I prefer to pay every two month what our actual reading is. My parents do take advantage of it. BTW...they own a three family house. One apartment they rent out includes the light and gas.
MYM
It's a Girl!
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