Money-Saving Ideas for Paying Electric Bills?

Answer 1

It might not seem as if anyone could save much money by paying electric bills online. But with postage costs rising again, paying online will at least save the customer money on stamps. Because some electric companies don't provide payment envelopes with their bills, a customer could save on stationary costs, too.

While that might not sound like a big money saving strategy, there are other factors to consider. For example, when bills are paid late—whether because the customer forgot to pay it or the payment was lost in the mail—that can result in the electrical service provider charging a late fee of ten, twenty, or even thirty dollars. Late payments can also result in a black mark on the customer's credit score, which can end up costing hundreds of dollars down the road. Interest rates for mortgages and other types of loans might increase due to a 'poor' credit score. Paying the electric bill online provides a practically fool-proof way to avoid late or missing payments, improving a customer's chances of saving large sums on future financial transactions