Remove Banking Remove Building Remove Property Taxes Remove Savings Account
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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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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. He says we were busy building the house and our careers and it was money well spent because it freed up our time. (We