Our Escrow Account
These are the items we escrow each year:Van registration fees 329.50
Car registration fees 116.50
My life insurance premium 295.00
Gym membership 104.86
Auto insurance premium 1,006.90
Total annual amount is $1852.76
Total monthly amount is $154.40
Draft amount twice per month is $78.00
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 November 2009.