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! But let me show you how to budget (and pay) for yearly bills with a strategy I’ve used for years. Our list includes: home owner’s insurance – due yearly. auto insurance – due yearly.

Bills 130
article thumbnail

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

Family Balance Sheet

Do you go into panic mode when your car insurance bill arrives? That used to be me. 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. auto insurance – due yearly.

Finance 100
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Create a Personal Escrow Account for Your Quarterly & Yearly Bills

Family Balance Sheet

My list includes: home owners insurance – due yearly. auto insurance – due yearly. life insurance – due yearly. Every month, transfer this money into a savings account that is connected to your checking account. How to Create a Personal Escrow Fund. property & school taxes – due yearly.

Bills 100
article thumbnail

How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

Set up a savings account linked to your checking account and automatically transfer a set amount every payday. Of course, by using credit cards for purchases and bills, I was spending money I didn’t have and probably wouldn’t have any time soon. Making weekly payments will save interest.

article thumbnail

What to Do With Money: A Mom’s Guide to Smart Money Management

Penny Pinchin' Mom

Do you have a retirement plan or a healthy savings account? Get Insurance Did you know that the average life insurance cost per household is roughly $993 a year ? And if they don’t, you can use it as part of your retirement fund! This is something every parent needs to think about.

Money 52