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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. Action Steps to Budget and Pay for Yearly Bills: 1.

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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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Mortgage Calculator with PMI and Taxes

Savings Corner

How to use the mortgage calculator Under “Home price,” enter the price (if you’re buying) or the current value (if you’re refinancing). NerdWallet also has a refinancing calculator. You pay about one-twelfth of your annual tax bill with each mortgage payment, and the servicer saves them in an escrow account.

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How to Manage Your Personal Loan

Savings Corner

Perhaps more importantly, automatic payments help you avoid missed payments — which often result in late fees — and make the payment an effortless part of paying your monthly bills. Consolidating only makes sense if you can get an interest rate that’s lower than the combined rates on your existing debts.

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Best Private Student Loans and Current Rates

Savings Corner

Without bills in your name, such as a credit card, car loan or utility, it’s hard to demonstrate that you can pay bills on time. They’ll also look at your or your co-signer’s debt-to-income ratio to make sure you have the funds to pay a student loan bill in addition to any other bills in your name.

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Forget the Small Stuff; Save Money on Bigger Costs

Prairie Eco-Thrifter

If you haven’t refinanced to a low interest rate, you could be missing out. About a year and a half ago I refinanced my house. Take precautions, such as driving defensively and taking care of your health so that you avoid premium increases related to risky behaviors. Refinance Your House. Money Tips'

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Family Office Manager

Family Balance Sheet

Pay our bills in a timely manner. Most are now set up on automatic billing which almost makes this a non-issue, but early on when I mailed actual checks, paying bills on time was a top priority. We have been in our home for over 20 years and I’ve refinanced for better rates at least five times, mostly for free.

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