article thumbnail

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. Our list includes: home owner’s insurance – due yearly. auto insurance – due yearly. life insurance – due yearly.

Bills 130
article thumbnail

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

Family Balance Sheet

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. Our personal escrow fund includes: home owners insurance – due yearly. auto insurance – due yearly. That used to be me.

Finance 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. We were no longer required to send an escrow payment to the bank for our real estate taxes and home owners insurance. While I know things can go wrong, I missed the diligence of an escrow account. auto insurance – due yearly.

Bills 100
article thumbnail

What to Do With Money: A Mom’s Guide to Smart Money Management

Penny Pinchin' Mom

Do you have a retirement plan or a healthy savings account? Get Insurance Did you know that the average life insurance cost per household is roughly $993 a year ? Additionally, I have a checking account and a savings account with the same bank. How about an education policy for the kids?

Money 52