Sure it is a cliche, nonetheless, it bears repeating: “There’s the excessive month following my money. “
Not most people are a financial wizard and never most people are independently wealthy. Budgeting is difficult and surprises await those not ready with a three-month cushion of emergency cash.
Of course, some may think, “What’s the worst that could happen if I do not pay my bills?” The comprehensive response to that easy question is “Well, the treatment depends. “
It is inconvenient.
When looking at utilities, shut-offs are the first line of defense against non-payment. Very few people like to do without electricity, propane, water, etc. So usually getting them disconnect is incentive enough never to fall behind.
Taking days off to be home for re-connections isn’t just a pain in the neck, it puts overuse on work-life too. Gas companies generally are not going to re-establish service without someone being there, to be able to take necessary health concerns.
Eventually, the consumer will have to talk with someone about the failure to spend. Dealing with bill collectors is not just a hassle, it’s embarrassing. Collections agents are performing their job and never love exactly why there was failing to pay.
It is more expensive.
Almost any business working charges you late charges. Whether it is a percentage or even a flat rate, it winds up eating into the budget, making the next month tight on money also.
Utility bills you you reconnect fees any time they disconnect service. This can be up to half in the average monthly bill, although most charge a flat rate. Since the client is finished a barrel, they’ve got no choice but to spend it or do without, so it will be never cheap. This, naturally, is in addition to the extra fees already assessed.…Read more