The Tax Man Cometh
January 23rd, 2007
A fiscally prudent person would save small amounts all year to pay their property taxes. I was not such a person. The last two months have been spent saving and cutting back to pay the property tax bill by the end of this month, and I did it. This has shown me that I could be saving a lot more money for the finer things in life, which are not giant cokes at Sonic.
Categories: random
Does your mortgage not withhold funds in escrow for taxes? Wells Fargo pays all my taxes for me so I don’t have to think about it – it’s nice. I have a hard enough time saving up for income taxes (read: I don’t), I’d hate to have property taxes on top of that.
Maybe your mortgage company could do this for you?
My mortgage company never set up the escrow account for me. I remember them mentioning it once, but I said I’d wait to set it up and they never sent me paperwork to do so. I called them about it once, but it seemed too much of a hassle at that late date.
I’m thinking it might be better to get in the habit of saving it monthly myself in a good savings account, and earn a little interest for myself on top.
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