Our Escrow Account
These are the items we escrow each year:Van registration fees 330
Truck registration fee 150
Auto insurance premium 890
Total annual amount is $1370
Total monthly amount is $114.17
Currently rounded up to $121/month to account for an earlier shortage. I have this money auto drafted from our primary checking account into our second account that I call Escrow and Slush.
I generally review our escrow account once a year in October when auto registrations renew. If there is a significant change to any of these during the year, I would adjust at that time.
Last adjusted April 2012.