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How to Budget (and Pay) for Yearly Bills + a FREE Speadsheet

Family Balance Sheet

They can cause a panic, especially when just one bill is into the four figures, like our property taxes or auto insurance! It all started years ago when we refinanced our mortgage and were no longer required to send an escrow payment to the bank for real estate taxes and our home owner’s insurance.

Bills 130
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Create a Personal Escrow Fund | 31 Days to Organize Your Finances

Family Balance Sheet

Does your property tax bill give you anxiety? Our homeowners insurance and property taxes are not tied in with our mortgage so we receive those bills and are responsible for paying them instead of the bank that owns the mortgage. When a bill comes due, I transfer from the savings into the checking to pay to bill.

Finance 100
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5 Books with Insights that Changed the Way I Think About Money

Prairie Eco-Thrifter

Save money in a bank account (or perhaps a company retirement plan). We have to pay for maintenance and property taxes and the interest on the loan. These costs are are only partially offset by the fact that, in the United States, I get a tax deduction for some of them. Get a good job.

Money 237
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Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

We lived off my salary and banked Alan’s even before we were married so that we could build our own house (literally), paying cash as we went. Now I wish those dollars had gone into our savings accounts. I grew up in banking and held other finance-related positions during my working years. Alan doesn’t share that regret.