Spring is tax time in California. Last week I diligently kept a running total of all of the taxes I owe for this quarter. Property taxes and estimated taxes are due next month. It is always a shock for me to see the numbers. Each year it costs more money to live here.
It requires financial discipline to have enough in liquid savings well before the bills are due. That cash needs to be liquid. For me, that means the money is stocks and CD’s is not used.
I double check my account balances daily, to be sure the checks have cleared. I also mark the items with a check in my checkbook register. It’s important to examine every detail before mailing them in, or paying online. Dates, social security numbers, and numbers must be accurate.
The accountant needs to be paid, and there are still all the regular costs of running a household that are occurring, as well. Staying disciplined with grocery purchases, heating, electric and water usage insures that there will be enough dollars to pay for the luxury of living in California.
How are you doing with your taxes?
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