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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.
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.
I have found this method to work for saving money: get envelopes and label them with your bills you pay monthly (ie mortgage, light bill, water bill, etc.) and label one envelope Miscellaneous. Each month put the amount you owe on the bill plus $10 in the envelope. Pay the miscellaneous envelope $20. Once you pay all your bills, move the money from the other envelopes to the miscellaneous envelope and watch your money build up!
I've listed out all of my bills starting with the least amount I owe, to the most. Each month, I usually try to double my minimum payments (when possible) & work on paying the first off. Once it's paid off, then apply that amount to the next bill. You're already use to paying that bill anyways, so using it to pay off more on the next, will only get your amount paid off faster!
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