The Level Pay Utility Option
Is it all right to pay the same on your utility bill every month, or should you pay like regular?
QUESTION: Christy’s utility department offers level pay, where you pay the same amount toward the bill every month. Is that a good idea to do? It depends on one thing, says Dave.
ANSWER: If you have a predictable, steady income and you like the predictability of the same amount every month, there’s nothing wrong with it at all. They usually make it up on you once every 12 months. If you’ve overpaid or underpaid, they’ll adjust so you get some or pay more at the end of that 12 months. They ultimately get their money, it just helps you even the billing out. But if you want to do it, there’s nothing wrong with it at all.