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

Family Balance Sheet

Not sure how to budget for your once-a-year bills? They can cause a panic, especially when just one bill is into the four figures, like our property taxes or auto insurance! But let me show you how to budget (and pay) for yearly bills with a strategy I’ve used for years. auto insurance – due yearly.

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Create a Personal Escrow Account for Your Quarterly & Yearly Bills

Family Balance Sheet

I have built a monthly system to set aside money specifically for our yearly bills and while I still dread this month, I am no longer paralyzed by it. If you struggle paying quarterly or yearly bills on time, then keep reading! I started our personal escrow account years ago, when we refinanced our mortgage. ” I get it.

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Family Office Manager

Family Balance Sheet

Instead, he shared the story about Susan, a wife, and mother who handled all of the financial tasks in her home, from budgeting to making investment decisions. My new mission was to manage our money to make sure we used it wisely and stretched it as far as possible. Update budgeting software on a regular basis.

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How to Manage Your Personal Loan

Savings Corner

Managing a personal loan successfully, however, requires understanding how the payments change your monthly budget and creating a clear plan to pay off the loan. For some people, it’s just easier to see large payments come out of an account they don’t also use to buy groceries.

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Mortgage Refinancing: What Is It And How Does It Work?

Savings Corner

Key takeaways Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change the loan type as well as your lender. Here’s how refinancing a mortgage works, the common options available to you and pros and cons to consider. What is refinancing?

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Overhaul Your Monthly Budget: Tips to Save Now So You Can Splurge Later

Saving Cents With Sense

The most significant chunk of your monthly budget is likely spent on mortgage payments, and the Federal Housing Administration (FHA) suggests homeowners can lower monthly mortgage payments by refinancing their mortgages. Eliminate What You’re Not Using or Don’t Need. Reduce Your Energy Used. Cut Housing Costs.

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What Is Financial Planning? | Bankrate

Savings Corner

These areas range from the basics such as budgeting to more complex areas such as saving and investing for retirement as well as estate planning for the distribution of your assets. A financial plan can help you get your financial life in order in areas such as: Budgets – How much can you spend this week or month and still stay on track?

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