Now There’s An Idea…

, , , , , | Related | April 5, 2019

A few years ago my wife’s grandmother passed away. After the funeral, the family started getting her things closed out and moved out of her home, etc. One of the things to do was call all the utility companies and have her accounts closed. Upon calling the first one, and being told that she had a sizable — over $2,000 — credit on her account, we started investigating and found out something funny.

Each month she would get a bill for a utility, and let’s say the amount was $132.40. She would round up to the next $10 dollars and pay it, so $140, ending up with a credit. The next month the bill would be — let’s say, for easy storytelling — the same, but the amount owed would be minus the credit from the previous month. So, $132.40 minus $7.60. But she didn’t care about the balance, only the bill, so she rounded it up and paid $140 again.

Apparently, she did this for years and years and years. Going through all her papers — she kept everything — we found utilities dated back as far as seven or eight years with her doing this. We even saw a letter from one of the utilities that she filed that stated, paraphrasing, that her account had a serious credit and could she please stop sending money for a while to work it down.

When she passed on, she didn’t have much in the way of valuable assets. Most of her household goods were old and worn and not of any value. The house she lived in was an old mobile home, so very little value there.

But after we closed all her utility accounts, we ended up having far more money than everything else put together. Of course, that money went into her estate and the people mentioned in her will got a lot more than they had originally thought. And we all got a good memory to remember Grandma by.

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