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Bills That Are Not Due Monthly.

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This Sparked Me!

I used to scramble to pay life insurance once a year or car insurance twice, because it wasn't a bill that came due every month. Now I make a list of every bill like that, add up the estimated costs & divide by 12. I save at least that every month to cover those bills.

MORE INFORMATION:
My list includes: life, home, and car insurance, property taxes, school taxes, estimates of federal, state, & local tax. I add eye-glasses every-other year.
- Submitted by STORMY724 7/2/2010 in Saving Money | 3 Comments
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Member Comments

GMARGARITA 7/2/2010 8:46:00 PM

    I have my car insurance, through USAA, taken out every 2 weeks instead of twice a year. It really helps with my budgeting and spending!
JUDIEB1946 8/16/2010 1:07:00 PM

    I have done this almost since I started working. It is a great stress reliever to know the money is there when the bill comes. On some, like property tax, I will ocassional added a couple dollars more for the inevitable increase the following year. My bonus goes for others I prefer to pay yearly, like the newspaper, safe deposit box, etc. I have a small notebook to keep track of the different amounts so they can be updated as necessary. Also have a sheet for repairs, utility clean up (I'm on the budget plan), and my grandson's school fundraisers.

SUNIL410 7/2/2010 5:14:00 AM

    That is the correct way. I remember in my early days I used to save in form of compulsory savings on monthly basis and at the end of 12 months that money was used for annual vacation or major purchases.

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