Jul 29th, 2010
Financing Mom: Part Two
I’m still delving through mom’s finances as I try to figure out what she’s been paying for and how to streamline the processes. I’m finding interesting if not totally surprising issues and been able to cut a few dollars here and there.
Some observations:
Mom would pay everything with a check that she could; the only exception is at the supermarket where she’ll use her debit card.
Mom would also send those checks through the mail.
Mom would rather pay regularly (like every month) than once a year, even if paying by the year would offer a discount.
Mom would rather be ahead in payments–sometimes months ahead–rather than pay right on time.
Some of these have already been changed.
For instance, anything I can charge, I will–think card timing–and things I can’t, I’ll pay online, provided it doesn’t cost me anything to make those payments. I’ll take any discount they will give–even if it means I need to let her newspaper subscription lapse and start one in my own name to get that discount. I try to avoid stamps whenever possible, which helps to keep the costs down. And there’s no way I would pay in advance.
It’s interesting so far, and it’s also taking more time and energy than I want it to. I’m hoping that this gets more efficient soon.
[...] Auto Financing a Better Option Than Outright Purchase …Financing Mom: Part Two | Uncommon CentsOwner Financing has been practically eliminated by the S.A.F.E. …GoodData Closes $6.5 Million [...]