There are a number of reasons why paying for your utilities in advance is a good idea. First off, you will have better control over your budget, and you will avoid getting any surprise bills that will drastically affect how much money you have to spend in any particular month. If you live in an area of the United States or anywhere else in the world that has much colder months and warmer months you will be paying more in those months for heating and cooling which will cause your bills to be much higher as well. If you don’t like the idea of having a mystery bill showing up every month, then you will most likely enjoy the freedom and in-the-loop feeling that you get with this type of utility payment plan.
By utilizing prepaid energy, you have more control over what you spend on your bills every month, and you don’t have your power company calling the shots. There are also no daily fees or any set costs that you are expected to pay. You only pay for the electricity that you use, and that’s it. You don’t have to pay for anything that you don’t want or need and you can decide on what you feel comfortable paying for any given month. These types of utility payment plans are gaining in popularity because they are convenient and they are also much more flexible than “regular” utility plans.
By paying a set amount of your choosing every month, you will have a much more even number to work with when you are working out your budget. You will also have more money in the months where you would normally be paying more because of the changes in temperature. If you have more money in certain months, you can even pay more if you wish to do so to build up a bit of a surplus for when you are more strapped for cash in other months.
You also do not have to get a credit check done or even have good credit with this type of payment plan which is great if you don’t have any credit history or if you have less-than-good credit. With this type of plan, you will most likely get to enjoy lower rates as well. You can often get same-day connections, and there are typically no installation fees or connection costs involved.
You can get daily balance updates either by calling your power company or by checking your account online and you can even opt-in for text reminders if you wish to do so. By being able to keep on top of your energy consumption, you will be better able to regulate how much you use to stay within your budget and you will also be able to manage your account online conveniently when you want to. It is an ideal type of plan if you like to be in control of your finances and in-the-know when it comes to your utility consumption.