I am unemployed and work part time jobs off and on during year. So I have starting paying off taxes during the year. Working at the tax office, I found out you can pay your taxes early.
After I get my estimated property tax statement. I start paying on it. Just remember to send a copy of your tax statement each time. It has your tax number listed on it. You will get a receipt back. By the time tax times comes due, I will only owe about $300. I never pay off completely because the estimated taxes that comes in July is sometimes higher than the final bill.
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Another idea is to set up a special savings account and pay into that so you have the money set aside when the taxes are due. I did this for a long time and set aside a certain amount each week so I had money to pay my insurance (once a year) and taxes (twice a year). Earned a bit of interest and did not spend money on postage or finance charges.
For my electric bill, I sent them an electronic payment each week so the winter bills did not shock my budget. I actually overpaid into this account a bit, so now that I am retired, I still have enough money to pay my taxes for a few more years (with my senior discount, too). I did this for vacations too when I was younger - saved $50 month back then so when I had time for a vacation the money was there and the vacation was "free."
Savings account is a great idea. If you can go to bank and get money transferred to checking or get cash. I can not stand in line for more than 3 mins because of legs. Banks here make you go inside for withdraws from Savings accounts must show 2 types of ID. Did not make much interest on account.
Over paying bills does not work here. Our utility companies just give you credit and will send you check back if it gets to large.
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