At first this may not seem like an idea that makes a lot of sense, however, upon further review I think that it is an idea that can be beneficial for everyone to implement.
This is not something that is necessarily universal to all bills. The ones that this would be most useful with are those that are paid on a monthly basis. If they are paid any less often than that (for example, my car insurance comes due every six months) it might not have the effects and benefits that it will with the monthly bills. For the monthly bills, the idea is not to overpay an extreme amount but in moderation to enjoy some of the benefits.
In order to realize how you can acquire the benefits, you first need to understand the concept of this system and how it works. The easiest way to explain the system is to think of it as “rounding up” to the next $25 or $50 depending on what your budget will allow and what seems reasonable for the given bill. For a brief example of the method, if you have a bill that is eighty-five dollars each month, start by sending them one-hundred. The next month your bill will be for only seventy dollars. That month, if you send one-hundred again, your bill the following month will be for fifty-five. Depending on your budget, the next month you might want to send either seventy-five or one-hundred. The idea would to then do this for all of your bills. The benefits of doing this might not be immediately obvious, but keep reading…
The first benefit that you will notice is that balancing and subtracting out of your checkbook will be much easier. This may or not be a benefit depending upon your lifestyle. If you write checks for the exact amount on a regular basis, some of this benefit will be minimized. If, however, you are like me and use the checkbook almost exclusively for paying bills, you will almost be able to balance your checkbook without using a calculator.
Secondly, using this method “builds-in” more room in your budget for unexpected expenses or shortfalls in income. This is because if you are overpaying your bills, your budget for an eighty-dollar bill will be one-hundred dollars yet the amount due in a particular month might be only fifty dollars. There is an extra $50 cushion that you can use to cover unexpected expenses without having to tap in to any emergency funds or worry about falling short on your bills. It will also make it easier to plan a budget because you will have a set amount budgeted (higher than the bill ever is) for a bill such as your electric bill which might vary quite a bit from one month to the next.
Along these same lines, if you do this on a regular basis, you will occasionally get your monthly statement from your cable, electric, or cell-phone provider and it will show a credit and say “do not pay” instead of having an amount due. This can be a nice treat because you don’t have to pay that given bill that month and can use that extra money to buy something unnecessary or add to your savings.
There are some bills, however, where the benefits discussed in these last two paragraphs don’t apply. With these bills, there are different benefits that can be achieved. The bills I am referring to are debts: loans and credit cards.
The way that these bills are calculated, your monthly amount due is generally the interest accumulated for the month plus a given percentage of your outstanding balance. Any extra amount paid is put towards the balance and a new amount due is calculated as usual for the next month.
However, three benefits of overpaying these bills include that you will have paid less total interest when the debt is paid off, you will get it paid off sooner, and (depending upon the way that your loan is set up) your monthly amount due may get smaller each month.
eventually it will be folded back over the remainder of the coax. I would suggest you keep working it until it is good and tight against the coax it is folded over. A piece of tape may be needed to hold it in place at the end and will not affect the performance of the antenna.
