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

Family Balance Sheet

Our home owner’s insurance, auto insurance, and local real-estate taxes (for our home and our business property) are due, and on top of that, there have been years where we also owed the Federal government. Every month going forward, transfer this money into a separate savings account that is connected to your checking account.

Bills 130
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Yes Virginia, There is a Money Tree

Prairie Eco-Thrifter

Put the savings you made at the grocery with coupons into the savings account. My spouse was exceptionally persistent in putting every $20 birthday check into our savings account, year after year after year. We have enough to live on from other sources and an emergency fund. Do you have a money tree?

Virginia 160
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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

Because we only have a week to show results, and because savings account interest rates have been near zero each year since camps started, I have routinely given the jar 50% interest. Trepidation about having the grand-kids open a savings account. Both are now old enough to open a bank savings account.

Money 124
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Our 2018 Financial Goals

Family Balance Sheet

2 – Save $10k in a savings account, specifically earmarked for medical expenses. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. Save a starter Home Emergency Fund.