Monday, May 28, 2012
Money Monday: Budget Billing
Paying those monthly utility bills is easier if you know exactly how much to budget. That's why many people are taking advantage of a program called budget billing it's today's Money Monday.
WSVN -- Rucht D'oleo is living her dream- running her own small clothing boutique.
Rucht D'Oleo: "You can wear this together."
One thing that makes her life easier is knowing what to budget for her electric bill every month.
Rucht D'Oleo: "As a business owner- it's very important for me to know my expenses."
Rucht takes part in Budget Billing, a free program offered by FPL and most other utility companies. Instead of paying high bills for summer air conditioning it averages your bill across the year, so you pay the same amount every month.
Richard Gibbs: "So what you don't see are the huge spikes from winter to summer as your usage increases."
So if you pay about $80 a month during November to March and then spike up around $200 in the summer, your budget billing statement would be about $150 every month give or take a few dollars.
Richard Gibbs: "The best thing about it is you're safely able to predict what your electric bill will be."
FPLl's budget billing program is offered for residential customers along with businesses.
Richard Gibbs: "Budget billing is not a savings program, but it does help you manage your expenses better. You still need to look at your energy consumption and find ways to conserve."
Rucht has been in the budget billing program for a year now. She likes knowing what to expect every month and plans to continue.
8,000 business and 400,000 residential customers use FPL's budget billing program.