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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! 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.

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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

This year may go down in real estate history as the year of correction. Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process. Your bank or credit card company might offer free access to your score or credit report, too. Is location the top priority?

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3 Simple Office Supplies for Smooth Tax Prep

Family Balance Sheet

We have our 2011 tax meeting this week with our accountant. We own an S corporation and have a few employees, so we have a CPA prepare our taxes every year. Honestly, he is worth his weight in gold; the tax rules make my head spin. In all honesty, tax season goes fairly smoothly for us. Are you prepared for tax season?

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The Worst Financial Decisions I’ve Seen

Prairie Eco-Thrifter

Not paying your real estate taxes. An acquaintance of mine inherited a 4 bedroom/2 bath home free and clear of any debt. Eventually he could not pay the real estate taxes and the home was put on the county’s tax lien sale auction. If you don’t pay the taxes, you lose.

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Do You Know a Millionaire Garage Sale-er?

Prairie Eco-Thrifter

Millionaires often invest in rental and commercial real estate. Going to a neighborhood garage sale affords not only bargain hunting, negotiation honing and scoping out of real estate deals, but at the same time gives great walking exercise (assuming they don’t drive to each house!). To Save taxes.

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How is Your Vacation Rental Doing?

Prairie Eco-Thrifter

It seemed reasonable to devote a greater portion to real estate, in order to further diversify our portfolio. If we had put that quarter of a million dollars into a tax exempt bond fund at the time, it would have earned around 4% in yearly income, or around $8000 – every year for the past 10 years.

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Unintended Consequences

Prairie Eco-Thrifter

A person, trying to help a family member figure out how to pay taxes on their home and thus be able to keep possession of the fully paid off home suggested that the family member take in a roommate to earn some extra money. The intention was to get some extra money and get the real estate taxes paid. Money Tips'