Annual dues question

[Redheadprincess]

If I set up for monthly payments is that for the current year, or is that like prepaying for the next year? I bought resale in April 2022,so my 2022 dues are paid on full. If I set up monthly payments, would I be prepaying 2023 or do I set that up in 2023 to pay 2023 dues ?

 

[thanxfornoticin]

Since your 2023 dues won't even be official until December, most likely, I don't think you can prepay anything. I think you'll be setting it up in January, 2023. Or you can pay yourself now, build up a bucket, and perhaps pay it in full in January! If that's something you might like to do.

 

[Sandisw]

It will be setting it up for 2023 since there is a zero balance for 2022.

With monthly payments, they will stop once for the balance is zero.

 

[CarolynFH]

As above, since your 2022 dues are paid, no monthly payments will be taken in 2022. If you want to prepay toward your 2023 dues, you can make payments online, and when the 2023 dues are billed in January whatever credit balance you have will be subtracted from the total owed, and your monthly payment amount will be based on what's left.