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question about spend down


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1 minute ago, Needhelpaz said:

can I pay ahead for car insurance, internet, student loans?

Some posts in the past have strongly suggested using the money to pay advance rent or mortgage, etc.  


You have to be careful with loans.  If you just pay extra money, they will usually apply it to your principal.  You need to work out arrangements so that the money you pay is earmarked so that you are paying x months in advance. 

One banker told me he has an arrangement with his bank so that his mortgage is paid 6 months in advance, and every check is used not for the current month but to continue being 6 months in advance.  Perhaps you can work out that sort of arrangement so if you fall behind in your cash flow you will have a cushion to catch up.  

Good luck to you!

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