is this a smart idea?

[drakemom1]

I'm already budgeting where my tax refund will go and if I get what I got last year I'm paying off my car and was debating paying the rest if my lease for the year. We will have paid four months rent by then so we would only have eight months left. Is it smart to pay that far ahead? I just see it as having extra cash every month instead of a lump of tax money.

[QuiltLover]

Any time one can pay a necessary bill ahead of time is smart. We pay by the year as much as we can. We were so far ahead on our electric bill this year, they have not had us pay for 3months and have also lowered our monthly budget bill by $32...works for us.

[MamaBear2cubs]

I don't see a problem with that.

[GreenOlives07]

 i think its a good idea no matter what its gonna have to get paid eventually lol

 

[lyrick24]

 good idea!

[suziejax]

super smart

[MrsHubler]

sounds smart to me!

[MDWife12]

Its a VERY smart idea! :) We plan on paying off my dad, my husands parents, pay on some of my student loans and send some money towards rent!

[MDWife12]

Nice!

Quoting QuiltLover:

Any time one can pay a necessary bill ahead of time is smart. We pay by the year as much as we can. We were so far ahead on our electric bill this year, they have not had us pay for 3months and have also lowered our monthly budget bill by $32...works for us.

[yvonne37]

 if those are your largest bills sure! its a smart idea and its better then putting the money in the bank, not gaining much interest or spending it little by little. :)

[drakemom1]

Thanks for the input!  I just didn't want to regret spending that big of a chunk on one thing, but it will feel wonderful not having to worry about saving up for rent each month.  I am pretty excited because I get to pay off my car too.  It feels so nice to not have to worry about debt.  Now if only tax time would get here quicker lol