Do you pay in advance to save money? - GoFuckYourself.com

Sly · 12-12-2007, 02:53 PM

Right now I am going through some of my bills and prepaying for 2008. It often times will save you money (discounts from the vendor, etc.), gives you another write off for 2007, plus I figure it will also free up some monthly expenses next year which will allow me to spend that money elsewhere.

A few examples:
Domains
Hosting
Stats Remote
Online services (Rhapsody, Netflix, ISP, etc)

Sly · 12-12-2007, 02:54 PM

Oh, and it also prevents me from spending too much money on myself for Christmas. :-)

LiveDose · 12-12-2007, 02:57 PM

Depends but I have a lot of bills on autopay these days.

I will knock out about 1000 domains before the end of this year for the reason you stated above.

tranza · 12-12-2007, 02:59 PM

Quote:

Originally Posted by Sly

Oh, and it also prevents me from spending too much money on myself for Christmas. :-)

Lol, that's another important point!!

V_RocKs · 12-12-2007, 03:06 PM

Insurance... by the year...

minniesoporno · 12-12-2007, 03:11 PM

well its just good to do that just in case the money you were expecting for the start of the new year doesn't come in as well as you planned.

Rhesus · 12-12-2007, 03:21 PM

Not necessarily a good idea. The expenses you claim for 2007 won't be there in 2008. Where you should place them depends on projected price increases, inflation, interest and mainly the return you expect to receive on your capital.

woj · 12-12-2007, 03:32 PM

Quote:

Originally Posted by Rhesus

Not necessarily a good idea. The expenses you claim for 2007 won't be there in 2008. Where you should place them depends on projected price increases, inflation, interest and mainly the return you expect to receive on your capital.

very true

Unless you gain something from prepaying, it's kinda stupid to prepay just for the sake of convenience ...

Sansa · 12-12-2007, 03:33 PM

My thinking is as follows: if the "lump sum" discount is greater than the interest rate I can get from the bank, I pay the lump sum. Yes, hypothetically I could make take the installment deal and make a greater effective interest in good investments, but I am just playing it safe.

Iron Fist · 12-12-2007, 03:56 PM

My cable company makes me pay a month in advance... to date I have yet to see a discount as a result.

Sly · 12-12-2007, 06:42 PM

Quote:

Originally Posted by Rhesus

Not necessarily a good idea. The expenses you claim for 2007 won't be there in 2008. Where you should place them depends on projected price increases, inflation, interest and mainly the return you expect to receive on your capital.

In 2008 there will be new expenses to cover...

Xrated J · 12-12-2007, 06:50 PM

im too brkoe to do that shit

Kick Ass Chat · 12-13-2007, 02:23 AM

Unless the savings beats the interest you could make on the money then NO it wouldnt be a prudent thing to do.

CunningStunt · 12-13-2007, 02:31 AM

I've made that mistake Sly, with hosting. The hosting company turned out to be a bunch of shit after a few months and refused to reimburse me.

If you trust who you are paying and it's beneficial for tax reasons, go ahead.

12-12-2007, 02:53 PM	#1
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,297	Do you pay in advance to save money? Right now I am going through some of my bills and prepaying for 2008. It often times will save you money (discounts from the vendor, etc.), gives you another write off for 2007, plus I figure it will also free up some monthly expenses next year which will allow me to spend that money elsewhere. A few examples: Domains Hosting Stats Remote Online services (Rhapsody, Netflix, ISP, etc) __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available - 1st month free for GFY members - DM for details Wanted: CCBill pay sites for sale

12-12-2007, 02:54 PM	#2
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,297	Oh, and it also prevents me from spending too much money on myself for Christmas. :-) __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available - 1st month free for GFY members - DM for details Wanted: CCBill pay sites for sale

12-12-2007, 02:57 PM	#3
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	Depends but I have a lot of bills on autopay these days. I will knock out about 1000 domains before the end of this year for the reason you stated above. __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

12-12-2007, 03:56 PM	#10
Iron Fist Too lazy to set a custom title Join Date: Dec 2006 Posts: 23,400	My cable company makes me pay a month in advance... to date I have yet to see a discount as a result. __________________ i like waffles

12-13-2007, 02:23 AM	#13
Kick Ass Chat Confirmed User Join Date: Dec 2002 Posts: 2,057	Unless the savings beats the interest you could make on the money then NO it wouldnt be a prudent thing to do. __________________ [email protected]

12-12-2007, 03:06 PM	#5
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,405	Insurance... by the year...

12-12-2007, 03:11 PM	#6
minniesoporno Confirmed User Industry Role: Join Date: Nov 2004 Location: Toronto Canada Posts: 1,150	well its just good to do that just in case the money you were expecting for the start of the new year doesn't come in as well as you planned.

12-12-2007, 03:21 PM	#7
Rhesus Confirmed User Join Date: Aug 2004 Posts: 2,009	Not necessarily a good idea. The expenses you claim for 2007 won't be there in 2008. Where you should place them depends on projected price increases, inflation, interest and mainly the return you expect to receive on your capital.

12-12-2007, 03:33 PM	#9
Sansa Confirmed User Join Date: Apr 2007 Posts: 293	My thinking is as follows: if the "lump sum" discount is greater than the interest rate I can get from the bank, I pay the lump sum. Yes, hypothetically I could make take the installment deal and make a greater effective interest in good investments, but I am just playing it safe.

12-12-2007, 06:50 PM	#12
Xrated J Confirmed User Join Date: Sep 2006 Location: Daytona Beach Posts: 4,347	im too brkoe to do that shit

12-13-2007, 02:31 AM	#14
CunningStunt Confirmed User Industry Role: Join Date: Aug 2006 Posts: 5,594	I've made that mistake Sly, with hosting. The hosting company turned out to be a bunch of shit after a few months and refused to reimburse me. If you trust who you are paying and it's beneficial for tax reasons, go ahead.