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

Family Balance Sheet

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. When a bill comes due, I transfer from the savings into the checking to pay to bill.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We spent the next few years building our savings back up to the level we had prior to 2007. What got us through financially? Our emergency fund. Yep, life was good.

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