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

Family Balance Sheet

Not sure how to budget for your once-a-year bills? They can cause a panic, especially when just one bill is into the four figures, like our property taxes or auto insurance! But let me show you how to budget (and pay) for yearly bills with a strategy I’ve used for years. Action Steps to Budget and Pay for Yearly Bills: 1.

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Create a Personal Escrow Account for Your Quarterly & Yearly Bills

Family Balance Sheet

I have built a monthly system to set aside money specifically for our yearly bills and while I still dread this month, I am no longer paralyzed by it. If you struggle paying quarterly or yearly bills on time, then keep reading! I started our personal escrow account years ago, when we refinanced our mortgage.

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Forget the Small Stuff; Save Money on Bigger Costs

Prairie Eco-Thrifter

In the personal finance world, it’s common to focus on all the small ways you can save money each day. If you haven’t refinanced to a low interest rate, you could be missing out. About a year and a half ago I refinanced my house. Money Tips' The idea is that small savings add up over time. Bank Your Savings.

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How to Save Money on Your Home’s Mortgage

Prairie Eco-Thrifter

If you find ways to reduce your mortgage payments, you could wind up saving a lot of money each month. This extra money can be used to fund your retirement account or pay down some bills. Regardless of what purpose you decide to use this money for, it is always a good idea to get a lower mortgage payment whenever possible.

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Mortgage Calculator with PMI and Taxes

Savings Corner

How to use the mortgage calculator Under “Home price,” enter the price (if you’re buying) or the current value (if you’re refinancing). NerdWallet also has a refinancing calculator. If you’re putting enough money down. Interest: What the lender charges you to lend you the money.

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Mortgage Refinancing: What Is It And How Does It Work?

Savings Corner

Key takeaways Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change the loan type as well as your lender. Here’s how refinancing a mortgage works, the common options available to you and pros and cons to consider. What is refinancing?

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Family Office Manager

Family Balance Sheet

My new mission was to manage our money to make sure we used it wisely and stretched it as far as possible. Pay our bills in a timely manner. Most are now set up on automatic billing which almost makes this a non-issue, but early on when I mailed actual checks, paying bills on time was a top priority.

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