Comments on: How to make paying your year end property taxes painless

By: Key strategies to a successful budget | Sense to Save

Key strategies to a successful budget | Sense to Save — Mon, 19 May 2008 12:04:16 +0000

[...] the month these expenses come due, allocate a monthly amount and save it. For example, our property taxes are due each December. They generally run around $2000.00 for both county and city taxes. I [...]

By: Weekly Roundup | Generation Y Finance

Weekly Roundup | Generation Y Finance — Fri, 18 Apr 2008 19:43:40 +0000

[...] Gather Little By Little: How to make paying your year end property taxes painless [...]

By: StumbleUpon - Your page is now on StumbleUpon!

StumbleUpon - Your page is now on StumbleUpon! — Mon, 11 Feb 2008 17:19:11 +0000

[...] Your page is on StumbleUpon [...]

By: glblguy

glblguy — Thu, 13 Dec 2007 13:10:59 +0000

@threadbndr – Great comment, and just really puts some focus on how once you start doing this, how obvious it seems. I can’t believe I wasn’t doing this before. Oh if we only knew then what we know now. No panic, I’m all for no panic! Thanks for your comment.

By: threadbndr

threadbndr — Wed, 12 Dec 2007 21:35:16 +0000

I do the one account with a spreadsheet for my irregular expenses, but I use an account that’s directly linked (immediate transfer) to my checking account. I do have ING accounts for the efund and longer range saving (2-3 years out) for new car and house upgrades.

The categories are: Property tax (vehicle and house), vet expenses, clothing, gifts, car repairs, insurance (vehicle, house, health) and their deductibles (life insurance is paid monthly). Basically anything that might be a budget buster. These expenses are, after all, accruals – you know they are coming, so there’s little excuse not to fund them in advance. I’m trying to work up to having a year in advance for most of the categories.

I agree, it’s one of the best things I’ve done for myself. No more panic.

By: glblguy

glblguy — Tue, 11 Dec 2007 19:35:07 +0000

@Dividents4Life – Thanks and appreciate that.

By: Dividends4Life

Dividends4Life — Tue, 11 Dec 2007 18:32:45 +0000

Excellent article! I plan to include a link to your post in my weekly carnival review next Friday.

Best Wishes!
D4L

By: glblguy

glblguy — Fri, 07 Dec 2007 22:08:37 +0000

TV Girl, good point on the interest. That is a bit of a hassle, although a minor one. Thanks!

By: TV Girl

TV Girl — Fri, 07 Dec 2007 18:05:08 +0000

I do the same thing for all of my irregular spending categories, and it’s probably the single best thing I’ve done to reduce the stress I used to feel about my finances. It makes things a lot more predictable and steady so I don’t feel like I’m constantly trying to come up with big lump sums for things like car registration and Christmas.

I only have one ING account to keep track of all of my categories, but I keep an excel spreadsheet to track how much money is in each fund. I might switch to doing multiple accounts at some point, but right now I like that I can add all of the interest earned into one of the funds (my emergency fund) without having to do any actual bank transfers.

By: glblguy

glblguy — Fri, 07 Dec 2007 15:42:38 +0000

Hi, thanks glad you enjoyed it. I have 6. Bob over at ChristianPF has 6. Lauren at Saving Explained looks like he has 15. Sounds like a good poll though. I'll put one up this weekend. I had one as well, and split them out, just makes it much easier to track. Thanks for the great comment and question!