Best Buckets To Help Budget

House Expenses and Mortgage

Your mortgage, lawn service, HOA fees, home insurance, property taxes, are expenses that occur when you own a home, and all of them go into the home expenses bucket. If your insurance and taxes are escrowed into your mortgage payment, don’t worry about those. Start figuring out how much you spend per month or year on the other things included in the cost of owning your home, and put the money needed for this into your house expenses bucket. This is the best way to make sure you always have the money to pay the mortgage as well as anything that might come up at home. A broken dishwasher, a repaired air conditioner, or even a plumbing situation might come right out of this fund if you budget a little extra each month to put into this bucket for just in case situations.

Continue reading to learn how to make a savings account work for you.