Log In Sign Up

Question about utilities


Forum: Financial Planning and Budgeting

Notices

Welcome to the JustMommies Message Boards.

We pride ourselves on having the friendliest and most welcoming forums for moms and moms to be! Please take a moment and register for free so you can be a part of our growing community of mothers. If you have any problems registering please drop an email to boards@justmommies.com.

Our community is moderated by our moderation team so you won't see spam or offensive messages posted on our forums. Each of our message boards is hosted by JustMommies hosts, whose names are listed at the top each board. We hope you find our message boards friendly, helpful, and fun to be on!

Reply Post New Topic
  Subscribe To Financial Planning and Budgeting LinkBack Topic Tools Search this Topic Display Modes
  #1  
July 15th, 2010, 11:27 AM
TheOtherMichelle's Avatar Platinum Supermommy
Join Date: Sep 2006
Posts: 8,765
Popping in with a question! I usually lurk but I'm getting more serious about finances and budgeting.

Our power company has an option where they estimate the amount of power used in previous year(s) and average it out over the year so your payments are basically the same and easier to budget. Does anyone recommend a program like this?

If not, how do you budget in power when it can fluctuate by $100 depending on the time of year?
__________________







Reply With Quote
  #2  
July 16th, 2010, 07:07 AM
mommy2Breana+Brandon's Avatar Platinum Supermommy
Join Date: Dec 2006
Location: PA
Posts: 39,401
I do this. I tend to pay more in the winter time than in the summer time. So summer time our budget is behind but then in the winter time it catched up.
__________________

Do you love food, entertaining, cooking?!?! Then you will LOVE Tastefully Simple. www.tastefullysimple.com/web/cpisch

Reply With Quote
  #3  
July 28th, 2010, 10:49 PM
Platinum Supermommy
Join Date: Aug 2005
Location: USA
Posts: 7,429
I don't do this.

There's no real benefit to it IMO other than you know for sure what it'll be but you also risk then having to pay a "balloon payment" at the end of the year if what they figured wasn't correct.

For example, if your electric was a total of $2400 for 2009, then in 2010 they average your payment to be $200 a month. Well that's great, until December rolls around and they find that your 2010 yearly total was $3,000 instead of $2,400 like the previous year (let's face it there's always price increases), you then have that balloon payment (or the difference) of $600 to cough up all at once. So personally it isn't something I've ever wanted to do.

I've lived in my house for 5 years now. I know that in the winter time my electric runs around $100 so I budget $150 just to cover my ***** in case we go over a bit and I know it runs around $320 in the summer so I budget at $370 just in case we go over. If we stay at normal or go under hey great that's extra money I can put into our savings account instead or roll over into the next month.

So, personally that's how I figure it and it's worked well for us for the past couple of years now.
Reply With Quote
Reply

Topic Tools Search this Topic
Search this Topic:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -7. The time now is 11:14 PM.



Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0