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

Family Balance Sheet

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. Every month going forward, transfer this money into a separate savings account that is connected to your checking account.

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How to Manage Your Personal Loan

Savings Corner

Decide where to put the money Unless you’re consolidating debt and sending the money directly to your credit card issuers, keeping the loan money in a checking account is best if you want easy access to it. Consolidating only makes sense if you can get an interest rate that’s lower than the combined rates on your existing debts.

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Should You Save Or Invest Your Money?

Prairie Eco-Thrifter

If you want to get your cash back, you need to sell your shares; the price of your company’s stock may have gone up and so you will make a profit. Conversely, the price may have dropped and you can only sell them for less than you paid for them. Save or invest? No Cost Refinancing – Pros and Cons. What do you do?

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Create a Personal Escrow Account for Your Quarterly & Yearly Bills

Family Balance Sheet

I started our personal escrow account years ago, when we refinanced our mortgage. Every month, transfer this money into a savings account that is connected to your checking account. When you are ready to pay a bill, transfer what is needed from the savings into the checking to pay the bill.

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