Is there a way to flag events on the Calendar differently?  I want to put bills in my Calendar on the days they are usually due (repeating monthly).  I want to flag them somehow when they have been paid.

Is there a way to flag events on the Calendar.  I want to put bills to be paid (and have them repeat monthly) on my Calendar.  I would like to be able to flag them after they are paid.  I tried to put them in using the "Home calendar" blue, and them change them to purple (Work Calendar) after I had paid them.  The problem is that once I changed a bill from blue to purple it changed all upcoming bills for future months to purple also.

You might want to try Reminders.
Creat a Bill Pay list, add all your bills set a reminder to repeat every month and when you pay one just check them off as complete

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