Thursday, October 05, 2006

Sometimes saving is the best investment...

I just received a letter from my credit union (mortgage lender) with my new escrow schedule for the next year. It turns out our payments will be about $40 less each month! That's comes out to a savings of about $480 a year! This will be the 4th thing that we will be saving on this year. First it was my car being paid off in June, savings per month $242.47, and for this year $1454.82. Then the electric bills, about $20 bucks a month, $156.00 so far this year. My wifes cell phone bill, about $40 a month, estimated $240.00 for the rest of this year. Now with the escrow adjustment, it'll be approximately $1950.00 saved this year. That's not including all of the other little things we've been doing to save like bringing lunch from home, coupon cutting when food shopping, shopping around for a better deal, etc. It seems like saving could be one of the best investments...

2 comments:

Tyler said...

You would be surprised at how many people spend so freely and don't even know where their money is going. It is rather sad.
Saving money is like breathing for me, it's just natural!

John said...

I guess I'm pretty much the same way. I'm just trying to breath a bit deeper...