When you are budgeting for the year ahead, I have one of the simplest and worry free ways to deal with big annual bills like car insurance, property taxes and any other bill that is going to hit your pocketbook once a year.
Add up the total of these bills and then divide by paydays. For example, if you get paid once a month divide the total by 12. If you get paid every two weeks you take the number of weeks in a year ( 52 ) and divide by 2 which will equal 26.
Now take the total of the bills you added up earlier and divide by the appropriate number, 12 or 26. Set up a simple bank account and put the amount you have figured out by payday and faithfully put it in this account either every second week or once a month.
You will not be worrying about those big bills any more. When it is time to pay them, you just go to that account and draw the money out or write a check. It's easy and worry free!
By Bev S.