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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! Our home owner’s insurance, auto insurance, and local real-estate taxes (for our home and our business property) are due, and on top of that, there have been years where we also owed the Federal government.

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. property & school taxes – due yearly. That used to be me.

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

Prairie Eco-Thrifter

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. Even though we bought a house in 2007, I never once expected it to be a money-maker. And, of course, it hasn’t been.

Money 237
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A Goal Without a Plan is Just a Wish

Family Balance Sheet

On top of our normal day to day expenses, the new property taxes were due, we had more ownership expenses than we realized, and we had a family to feed. We must start saving for retirement again , we need to start college saving accounts, and it would be nice to take the kids to Disney while they’re still princess fans.

Goals 100
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Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

Now I wish those dollars had gone into our savings accounts. Alan and I, by choice, bought land in an area with low property taxes. Had we not fallen in love with the locale, it wouldn’t have mattered how low the taxes were, but fall in love we did. Alan doesn’t share that regret.