"We tried to set aside $200 a month but it hasn't work very well for us."
tripod, there is no getting out of paying municipal property tax. If you haven't set aside the sum due in December you'll need to dip into savings.
Obviously the holiday season is very important to yourselves, extended family and colleagues. If it's any comfort, the research says families will be spending about the same amount as last year.
The facts tell you if you're to spend $ 500. for DD's birthday, buy an iPad, gifts for 6 children and 24 adults, share cost of celebratory Reno trip for parents, joint family trip including your share of house rental, food, entertainment, transportation and more, you'll be dipping into savings in a major way. In your shoes I'd be stashing a total of $ 400. per month as Christmas Fund 2016.
You didn't mention how much you pay in property tax but you need that set aside as well. Our city has a very convenient no cost plan that allows homeowners to have a set sum automatically transfer to City coffers each of 11 months. In December whatever balance owing is taken, less than the others. The downside is if there is ever insufficient sums, the entire remaining sum is due immediately plus a major fee.
You could set up a Property Tax savings account at the best e-bank or CU you can find and automatically transfer 1/12th of your tax bill, adjusted when you get your annual tax notice.
tripod, there is no getting out of paying municipal property tax. If you haven't set aside the sum due in December you'll need to dip into savings.
Obviously the holiday season is very important to yourselves, extended family and colleagues. If it's any comfort, the research says families will be spending about the same amount as last year.
The facts tell you if you're to spend $ 500. for DD's birthday, buy an iPad, gifts for 6 children and 24 adults, share cost of celebratory Reno trip for parents, joint family trip including your share of house rental, food, entertainment, transportation and more, you'll be dipping into savings in a major way. In your shoes I'd be stashing a total of $ 400. per month as Christmas Fund 2016.
You didn't mention how much you pay in property tax but you need that set aside as well. Our city has a very convenient no cost plan that allows homeowners to have a set sum automatically transfer to City coffers each of 11 months. In December whatever balance owing is taken, less than the others. The downside is if there is ever insufficient sums, the entire remaining sum is due immediately plus a major fee.
You could set up a Property Tax savings account at the best e-bank or CU you can find and automatically transfer 1/12th of your tax bill, adjusted when you get your annual tax notice.
Comment