Gday Chris
Quote:
Pay your electricity and gas bills weekly via BPay as a periodic payment. Divide up an average year by 52 and pay that each week. Tiny amount - no surprises or major headaches at bill time.
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This is a good idea in one way and a bad one in others.
Whilst it may help to smooth out some bills, it also further removes peoples perceptions of how much things really cost,
and you normally still end up paying the same amount in the end.
Modern financial methods love using lots of small transactions to cover up the real costs of things.
If you took the money out of the bank as cash each month,
( i know, not feasible anymore )
and paid the bills by handing over "real money"
it would hit home a lot faster whats really going on.
Andrew