Comments on: How Much Do You Save By Not Escrowing http://www.thefinancejourney.com/personal-finance/how-much-do-you-save-by-not-escrowing/ The financial journey of a 20 something computer analyst living in upstate New York. Sat, 21 Aug 2010 04:32:24 +0000 hourly 1 http://wordpress.org/?v=abc By: Jay @ Dumb Little Man http://www.thefinancejourney.com/personal-finance/how-much-do-you-save-by-not-escrowing/comment-page-1/#comment-33 Jay @ Dumb Little Man Wed, 13 Sep 2006 23:17:47 +0000 http://www.thefinancejourney.com/personal-finance/how-much-do-you-save-by-not-escrowing/#comment-33 I actually take the opposite approach. I am totally cheap and try to save as much as possible but I watch the time/stress factor as well. I currently have 2 properties (1 primary and 1 investment - I just sold another investment prop. ). I escrow both and probably spend, as you say, $160 doing so. However, it is one less thing to worry about and for $14/month, I accept that as a cost of doing business. If I had no investment property, I may feel differently. Also, if I handled the money at home, I may feel differently. I passed that duty to my wife last year because I simply ran out of time to do it. I actually take the opposite approach. I am totally cheap and try to save as much as possible but I watch the time/stress factor as well. I currently have 2 properties (1 primary and 1 investment – I just sold another investment prop. ). I escrow both and probably spend, as you say, $160 doing so. However, it is one less thing to worry about and for $14/month, I accept that as a cost of doing business. If I had no investment property, I may feel differently. Also, if I handled the money at home, I may feel differently. I passed that duty to my wife last year because I simply ran out of time to do it.

]]> By: D http://www.thefinancejourney.com/personal-finance/how-much-do-you-save-by-not-escrowing/comment-page-1/#comment-27 D Tue, 12 Sep 2006 20:02:43 +0000 http://www.thefinancejourney.com/personal-finance/how-much-do-you-save-by-not-escrowing/#comment-27 That is $80 you wouldn't have. I am a firm believer that you watch the pennies and the dollars take care of themself. We actually have a customer, who is very financially well off. He is a tight a$$. He will consistently hold our invoices for 60-90 days saying he is waiting for a cd to come up instead of cashing it sooner and paying. This is another trick of the rich. They begin to not worry and catch their pennies everywhere. That is $80 you wouldn’t have. I am a firm believer that you watch the pennies and the dollars take care of themself.

We actually have a customer, who is very financially well off. He is a tight a$$. He will consistently hold our invoices for 60-90 days saying he is waiting for a cd to come up instead of cashing it sooner and paying. This is another trick of the rich. They begin to not worry and catch their pennies everywhere.

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