This brings up something I was wondering about. Since it's my first year as an owner, it's the first time I will be paying MFs. The statement says they are due January 1 - but the penalties don't start until 45 days (or 30 I don't exactly remember) after, so that means I can get away with paying them in full by before the day the penalties kick in correct? As others say, I have lots of other, more important bills due around now (taxes, professional dues, insurance, etc), and rather pay them first. And since my credit card bill closes on the 10th of the month, I can pay the remaining MF balance on the 11th, and get another month to pay them off? If I understand correctly, this seems Kosher. I basically do this with my mortgage. It's due the first of the month, but late fees usually kick in after the 15th of the month (and it shows on my credit report as paid as requested in full) as long as I pay before the 15th - so I just match the payment date with the day of my payroll direct deposit (could be the anywhere from the 1-14th of the month depending) - just makes life easier.