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No. of Recommendations: 1
Excellent pt too that when you count up the amount you pay in stamps, that float really starts to look negligible.

No need to guess, either, since it's quite easy to calculate an approximate cost of the float. For example, on $1000 at 3%, it's roughly 8 cents/day. At 2%, it's about 5.5 cents/day.

I think for most of my bills, the postage outweighs the float. I still voted that the float matters to me, because I feel it's my money until it's actually cashed. However, except for the largest bills, it usually pays to give up the float for the postage, at current interest rates.

Ken
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