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

Family Balance Sheet

Welcome to 31 Days to Organize Your Finances. 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. Every month, we transfer this money into a savings account that is connected to our checking account.

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How We Frugal-ed in June 2023

Family Balance Sheet

2 – We opened up high-interest savings accounts and earned $250 in interest. We are in what I call our “shovel season of life” Our oldest daughter leaves for college in the fall of 2024 and we have a big savings goal to hit before then. In total, we have made $250 in interest since April.

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How I Organize My Paper Files and Filing Cabinet

Family Balance Sheet

Instead I've kept the cabinet organized and up to date. I've organized all of our major categories and then I use sub-files within each cateogry. Although, I don't bother keeping month end statements any more, because our banks have that information on line for the last 5 years. It has saved us time and our sanity.

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How to Slash your Grocery Spending in 31 Days

Family Balance Sheet

Is an unexpected expense threatening your bank account? Or maybe you’re trying to build your emergency savings account, or save for a vehicle? Day 2: Organize Your Kitchen Pantry. Day 3: Organize Your Refrigerator/Freezer. Day 24: How to Save on Organic Food. Day 26: COMING SOON!

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An Easy Way to Save for Irregular Expenses

For the Mommas

The term “sinking fund” was originally a business term used to designate a savings account where a corporation holds funds for the repayment of a debt in order to improve their liquidity. In personal finance, a sinking fund is a savings account that is designated specifically for an irregular expense. Bank Your Savings.

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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

Financial accounts numbers (memorize them and/or save them in digital form, protected by a password or encryption). Financial contact numbers for banks, credit issuers, insurance companies, and others. I have some money in a savings account that is easy to get to, in case I need it immediately.

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How to Simplify Your Life to Make it Better

Prairie Eco-Thrifter

Apparently there are some simple rules when it comes to de-cluttering and re-organizing your work space. I further simplified my life by making some changes to my banking. We had several different accounts and it seemed I was always juggling from one to another. Get Organized' Do I need it on my work space?

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