We save each month, actually twice per month, for expenses that arrive only once or twice a year. I recently had to adjust the amount we are saving. An increase of $30 per month or $15 per pay period.
We use this general escrow account to pay for auto insurance, auto registration, and my life insurance. The life insurance increased $380 per year, thus the needed increase in monthly savings. The details can be see on my sidebar.
We also save for property taxes and homeowner's insurance once per month. I refer this account as our home escrow account, since it is all home related!
Are you saving for your non montly expenses? If not, you should be! It makes life so much easier to have the money in the account when the bill arrives.
General Escrow
January 18th, 2011 at 10:59 pm
January 18th, 2011 at 11:40 pm 1295394007
January 19th, 2011 at 12:17 am 1295396233
January 19th, 2011 at 07:13 pm 1295464385