Okay, I have been paying a water bill to the same place for nearly 20 years. In the past the bill was due on the 19th by 5:00 or the late fee was $1.00. I have always sent my bill off usually the 14th or 15th because they received the bill the next day and it posts on the day they receive the bill. I just took the bill out to get ready to write the check and noticed a $4 previous balance. I thought maybe I paid the wrong amount so I went and checked and I paid the amount due. Then in VERY SMALL writing it said payments must be made by 5:00 pm on the 15th of each month or there is a $4 late fee. Also, they charge a fee if you pay online, something like$3.50 so I always mail the payment.
I wonder how many of these late fees they collected for the last couple of months from their normal on time payees. This started at the first of the year but I must have mailed on the 14th the first couple of months.
Lesson learned – read the bills carefully.
Another thing I noticed last month was with my car payment. I am nearly three years ahead of the payoff and every month there is a zero balance. I still pay above the payment amount so it will be paid off in just a couple of months. Last month there was a minimum balance of $121. Again, this makes no sense to me since for the last year it has been zero due.
Being debt free can’t get here soon enough.