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

Family Balance Sheet

Do you go into panic mode when your car insurance bill arrives? 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.

Finance 100
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How to Start a Budget (and be successful at it!)

Family Balance Sheet

Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. lined paper. Set your calendar aside, and grab some lined paper.

Budget 133
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How Much Money Can You Live Off Of?

Prairie Eco-Thrifter

Any housing related insurance fees and property taxes are also important to include. Soap, deodorant, toothbrushes, toothpaste, toilet paper, and many other essential toiletries would fall in this grouping. This is the category where cell phone bills, movies, electronics, video games, and the internet would fall.

Money 159
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How We Paid off Six Figures of Debt

Family Balance Sheet

We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Everything looked great on paper. Our business was doing very well, and we were excited about the opportunity to own a property outside of our home. Years ago, our cable bill doubled in price.

Debt 130
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A Goal Without a Plan is Just a Wish

Family Balance Sheet

What looked like a great idea on paper, was turning out to be very challenging. 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. As much as I wanted to be a property owner, the extra debt was beginning to suffocate us.

Goals 100