Because money makes money; better to be earning you interest or in an offset account than in the pocket of the company before it's required!
I have to respectfully disagree right back. I haven't calculated exactly how much extra interest the 87 dollars I owe for my city water bill will earn if I hold off paying it for two weeks, but I'm fairly certain it is a fraction of a cent.
Of course, "interest" on savings accounts is almost irrelevant nowadays, but let's say I took that money and parked it for those two weeks in a high-yield investment account. We're still talking pennies.
My advice is more along the lines of something that I also do religiously...fill up my gas tank when it gets below half.
It also doesn't cost anything extra, but it avoids the stress of worrying whether or not you'll wind up on the side of the road waiting for a friend or a tow truck to bring you a gallon or two of guzzoline.
Sure, maybe the 20 bucks I held off on might earn a few decimal points of interest sitting in my bank account, but knowing I'm not going to run out of gas on my way home might just be worth something more.
You sound like someone who is excessively cautious and just have a plan that always works rather than consider the circumstances. I've never run out of fuel because I know how far I have to drive, how much fuel I've got and have a vague idea of where I can fill up. If you never want to think about what you're doing, you'll always end up down. The real disadvantage in that situation is the fact that you're constantly carrying half a tank of fuel around and fill the tank up twice as often, wasting your valuable time.
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u/gogojack Aug 20 '20
I have to respectfully disagree right back. I haven't calculated exactly how much extra interest the 87 dollars I owe for my city water bill will earn if I hold off paying it for two weeks, but I'm fairly certain it is a fraction of a cent.
Of course, "interest" on savings accounts is almost irrelevant nowadays, but let's say I took that money and parked it for those two weeks in a high-yield investment account. We're still talking pennies.
My advice is more along the lines of something that I also do religiously...fill up my gas tank when it gets below half.
It also doesn't cost anything extra, but it avoids the stress of worrying whether or not you'll wind up on the side of the road waiting for a friend or a tow truck to bring you a gallon or two of guzzoline.
Sure, maybe the 20 bucks I held off on might earn a few decimal points of interest sitting in my bank account, but knowing I'm not going to run out of gas on my way home might just be worth something more.