Paying bills - monthly or annually

davilown

ratrace said:

I just pay mine off in one go then i dont have to think about it, i have a standing order set up at a diffrent account for all the main big bills such as Council Tax, Car insurance, House Insurance etc... that just drip feeds out every month from my main account so when the bills are due they get paid off in one go and the cycle starts again.

I have also linked my paypal account to the same bills account so any "extra money" i make goes in there and pays the bills. since the first lockdown i have started to sell on ebay and in the last 12 months i have "liquidised" approx £2400 sales just by selling stuff from around the house which i have not used in years,

im still surprised what some things sold for which i would have normally just binned when i had a clear out. such as an old boiler, broken tradmill, car tools, old washer, laptops, phones, etc....  

Hope this helps and gives people some idea that they can sell stuff they no longer want and realise some cash to pay the bills.

I love this idea!

carguy143

I pay mine over 10 months. On the remaining two months of the year I treat the extra cash as a bonus. Our local council doesn't give discounts for paying annually, but I wouldn't put them past looking to charge interest on monthly payments if they could. 

MrFrugalFever

If it’s cheaper to pay annually then I will, if there’s a 0% monthly option or no difference (like council tax for example) then will pay monthly. Don’t want to pay more for something if don’t have to.

ratrace

davilown said:

ratrace said:

I just pay mine off in one go then i dont have to think about it, i have a standing order set up at a diffrent account for all the main big bills such as Council Tax, Car insurance, House Insurance etc... that just drip feeds out every month from my main account so when the bills are due they get paid off in one go and the cycle starts again.

I have also linked my paypal account to the same bills account so any "extra money" i make goes in there and pays the bills. since the first lockdown i have started to sell on ebay and in the last 12 months i have "liquidised" approx £2400 sales just by selling stuff from around the house which i have not used in years,

im still surprised what some things sold for which i would have normally just binned when i had a clear out. such as an old boiler, broken tradmill, car tools, old washer, laptops, phones, etc....  

Hope this helps and gives people some idea that they can sell stuff they no longer want and realise some cash to pay the bills.

I love this idea!have

Thanks, just sold some more things over the weekend, im self employed so my income can vary a lot the goal is to have 3 years worth of *bills money aside* so i can absorb any bumps in the road. getting there £1 at a time.