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.

A Goal Without a Plan is Just a Wish

Family Balance Sheet

We crunched the numbers, spoke with our accountant, and after much deliberation and negotiation, we bought the building that summer. On top of our normal day to day expenses, the new property taxes were due, we had more ownership expenses than we realized, and we had a family to feed.

Goals 236

5 Books with Insights that Changed the Way I Think About Money

Prairie Eco-Thrifter

Save money in a bank account (or perhaps a company retirement plan). We have to pay for maintenance and property taxes and the interest on the loan. These costs are are only partially offset by the fact that, in the United States, I get a tax deduction for some of them.

Money 249