What makes sense to pay annually?

[Pho3nix]

Have started getting emails and sms’ about discounts for crèche, insurance and others if I pay annually. Discounts range from 9-15% vs paying month to month.

Other than the clear discount, does it make sense to do so for cash flow and throw the cash you’d pay month to month into your bond?

Any other places offer annual discounts?

 

[Ecco]

Quite well articulated here (for school fees):

School Fees: Is The Upfront Discount Worth It?

Use this spreadsheet to find out if it is worth it for you to take the upfront discount on school fees.

www.stealthywealth.co.za

 

[Ecco]

I havent heard of insurance companies offering a discount if premiums are paid annually

 

[Pho3nix]

I havent heard of insurance companies offering a discount if premiums are paid annually

Chat to your broker. Was told early this morning about it

 

[Ecco]

Chat to your broker. Was told early this morning about it

I dont have a broker - all been done directly with the providers

 

[rh1]

Creches can and do dissappear. At least monthly, you can switch if something goes wrong and dont have to fight to get your money back.

 

[blowdart18]

Pay the security company each year and get one month off as a bonus.


Would love the ability to pay extra into my phone contract each year to bring down the device costs - you can with Telkom but need to go into the store - be great if you could online. (not a benefit but nice to get it out the way)

 

[Jan van Riebeeckstad]

Your TV license

 

[Hemi300c]

The advantages of having a annual short-term policy is there is very seldom if ever midterm increases.
Many of the insurers (not on my preferred insurer list) take a annual premium and divide by 12 + 5-10% for monthly.