Happy New Year to all, first post of 2011.
Just a quick one, do many people here use a LOC to pay for Bills such as Rates, Insurance and all maintenance to preserve their cash? I know some capitalise interest also, but im looking at setting one up to pay for everything other than interest.
That way I dont have to necessarily "budget" for bills, I can just use the LOC & keep all my money on the PPOR.
How do you pay bills etc from a LOC, is it just like a Bank account?
Sorry, just new to the LOC side of things.
Just a quick one, do many people here use a LOC to pay for Bills such as Rates, Insurance and all maintenance to preserve their cash? I know some capitalise interest also, but im looking at setting one up to pay for everything other than interest.
That way I dont have to necessarily "budget" for bills, I can just use the LOC & keep all my money on the PPOR.
How do you pay bills etc from a LOC, is it just like a Bank account?
Sorry, just new to the LOC side of things.