is there a practical sense in delaying of payment of bills (not credit or loans) ?

Question

is there really any practical sense and benefit from delaying payment of your bills by as long as possible(ie. without being penalised in monentary terms) ? do big corporations see a greater effect in doing so? what about small households and consumers?

Answer 1

Yes there is a benefit, if you keep your cash in an interest paying account -- as long as the bill is for something that is not charging YOU interest on a balance, like a credit card. That way you make interest on your own money for as long as possible before you pay the bill.

Theoretically this could be significant over time. In reality I doubt it makes much difference to households, and they run the risk if not careful of paying late and getting charged a late fee that wipes months worth of tiny gains. But a corporation that carefully and professionally manages its cash flow will often delay paying bills til the last possible minute, becuase they are doing something productive with their cash on hand.

Answer 2

there r more benefits by paying by direct debit sometimes