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

Family Balance Sheet

JUNE 24, 2021

It all started years ago when we refinanced our mortgage and were no longer required to send an escrow payment to the bank for real estate taxes and our home owner’s insurance. Every month going forward, transfer this money into a separate savings account that is connected to your checking account.

Bills 130
Bills Budgeting Budget Emergency Fund 130
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Create a Personal Escrow Account for Your Quarterly & Yearly Bills

Family Balance Sheet

APRIL 9, 2015

I started our personal escrow account years ago, when we refinanced our mortgage. Every month, transfer this money into a savings account that is connected to your checking account. When you are ready to pay a bill, transfer what is needed from the savings into the checking to pay the bill.

Bills 100
Bills Real Estate Insurance Taxes 100
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