article thumbnail

Family Budget Spreadsheets 2021

Family Balance Sheet

My mission has always been to help families build a strong financial plan, gain confidence with their money, and live the life of their dreams. Years ago, there was a month where I hadn’t planned on a large property tax bill and I wasn’t sure where we were going to find the money. This is a 12-month spreadsheet.

Budgeting 130
article thumbnail

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. Please refer back to the original post for a complete list of daily assignments.

Finance 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Family Balance Sheet

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

Bills 130
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

We spent the next few years building our savings back up to the level we had prior to 2007. But in August 2013 , our business softened, renovations to our new building were more costly than planned, and we were now the owners of two mortgages: our home and our business. How to Build your Emergency Fund. Yep, life was good.

Debt 130
article thumbnail

A Goal Without a Plan is Just a Wish

Family Balance Sheet

When a building in our town went into foreclosure in 2012, we considered the opportunity to own. We crunched the numbers, spoke with our accountant, and after much deliberation and negotiation, we bought the building that summer. Our business was doing well and it seemed like the right time for us to buy.

Goals 100
article thumbnail

Selling Your Investment Property?

Prairie Eco-Thrifter

They might include things such as fees charged for obtaining a mortgage; cost of home inspections; homeowner’s insurance; title insurance and settlement fees; property taxes or transfer taxes. Deductible closing costs include points or prepaid interest on your mortgage and your share of the prorated property taxes.

article thumbnail

Should YOU Buy a Boat?

Prairie Eco-Thrifter

These will include things such as insurance, property taxes, gasoline (to get to the lake and to boat on the lake), maintenance, boat slip fees and storage fees in off season. For some, it can make financial sense – if you live at water’s edge and use it every day, or build a business around it. Boating is fun.

Buy 100