I automatically transfer 1/12th of the yearly bills like insurance and the like. I debated on using the 'escrow' or extra funds many times this year. and previously I always used the extra and figured the escrow already sitting in my savings would pad our EF. which is rather in need of padding.
This month however we just paid insurance and tax on the car and had one week of no OT followed by one of less than 40 for DH being sick (no vacation no sick pay) So there just isn't any extra right now.
I had to use the escrow from savings and transfer it over to the checking to pay. Not to happy about having to do it, but at least it was there sitting and waiting for this.
Had to use escrow money to pay
December 6th, 2007 at 05:04 pm