Ain't life grand? I overpaid the hydro again!

Canada
September 21, 2012 5:29pm CST
I guess it's a good thing, it means I don't have a bill to pay this month. One less bill to worry about which is nice. My issue is that I don't keep track of what I pay for this one, I always just worry about getting it paid on time, so I pay a bit at a time every week. Not writing down what I pay is not always the issue, I don't always check my online banking to see what I've paid before I go an make another payment. This is now the 2nd time I've overpaid, but I'm not complaining, it's a good thing in my book, and it looks good on me with the hydro company. In fact, they paid interest on my over payment, which is shocking, I have never seen a utility company do that.
2 people like this
7 responses
@911Ricki (13602)
• Canada
21 Sep 12
I've never heard a utility company paying YOU interest. I know hydro we get a buill every 3 months, so its hard to tell what it is. Either pay it all at once, or each month on a guessing matter. I just made up a budget for myself and put $100 for hydro each month, but I think it will be a lot lower.
2 people like this
• Canada
21 Sep 12
We get ours every month, and it's usually the same amount, unless someone uses more hydro than others. If we use the A/C, which we wont need to anymore, then it's higher. Last month's bill for 5 of us in this house was $217. And that's on a contract rate far lower than our local utility, so we get better rates than others. Otherwise our bill would have been 3 times higher. This month should have been $155. If we were on the normal hydro rates, it would have been $235. So this flat rate is a big savings for us, especially for high peak rates.
2 people like this
@911Ricki (13602)
• Canada
21 Sep 12
I would be living on my own, my friend lives on her own and pays $40.00. I wouldnt be home most of the time as I would be working. I know a couple people who got those contract rates and got screwed over good. I would rather go with a reputable company.
1 person likes this
@Raine38 (9029)
• United States
21 Sep 12
Well that's one good way to save money; to prepay your bills so you'll be bill-free the following month. I only do this to my credit card, but not with our utilities because we don't have a fix amount to pay. Every month our meter gets read and that's what we pay by the first week of the following month.
2 people like this
• United States
21 Sep 12
That is great that you have paid more than what was due on your hydro bill. I live in a trailer park and the water bill is split between all the trailer park residents. Our bill varies, but it is never more than 3.00 a month. Even when we decide to buy the trailer our water will be paid this way. I think it is great that you have one less bill to pay and can spend that money on something else (another bill to pay down or maybe put it in the savings account).
2 people like this
@Hatley (164743)
• Garden Grove, California
22 Sep 12
hi kris oh my no I really do not overpay anyone as I have to be very careful with my money.I do check on my online bank account to see that things have come in and i keep close tabs om my balance always too.If you can afford to overpay thats fine but my financial situation is m ch tighter so I have to be very careful always.Life is grand as I paid both my med bill and my cable internet bill today. am so happy as still have some money in the bank.
1 person likes this
• United States
21 Sep 12
This is the very reason why I only have a few bills to pay next month. I did not get a light bill and paid $110 anyway and later found I did not need to pay for next month. that gives me extra money to pay bills next month.
1 person likes this
@shaggin (36328)
• United States
22 Sep 12
My bills are due once a month. As soon as I get my bill I write a check and put it in the envelope. I have a landline phone bill as well as a mobile phone bill but the mobile phone bill I pay for 3 months of service at one time. I have an electric bill and fuel oil bill. The fuel oil is bought as needed and I pay a propane bill every 3 months for however much I have used at that time. I have an internet bill I pay for 12 months at one time. I have car insurance bill I pay for 6 months at one time. I think that is all my bills. I dont know what hydro is though? Even though you overpaid its good its done and out of the way now.
@winterose (39922)
• Canada
22 Sep 12
that is great it is not like you are going to lose the money that is for sure. I used to do that on purpose.