“Every month, you're transferring roughly one twelfth of the total annual sum that you'd need from your checking account to this DIY escrow account”

NerdWallet's Smart Money Podcast · Should You Manage Your Own Mortgage Escrow? Plus, Decoding 2026 Election Slogans

Play from 17:28
17:28

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What was described

set up a separate DIY escrow savings account and transfer roughly one-twelfth of the annual tax/insurance sum each month

roughly one twelfth of the total annual sum each month

Said nearby on the same subject

“Open a separate savings account, name it after your college or your exam, and set up an automatic transfer every payday that roughly matches what you'll need across the year”
DR
Dev Raga
Dev Raga Personal Finance ·
How they work 150 bucks a fortnight Share this moment
“If they did nothing else, but set up another offset account or another bank account, and just transferred $640 a week to that account”
GJ
Glen James
WWGD with Glen James ·
How they work 640 per week Share this moment
“Investment bonds… are taxed within the structure each year at a maximum rate of 30%… and then there's no tax when you transfer later on”
MI
Matt Ingram
Equity Mates Investing Podcast ·
Business model Share this moment
“Move somewhere between 30 and 40% of every locum payment straight into your separate account the moment it lands and call it the tax account”
DR
Dev Raga
Dev Raga Personal Finance ·
Automation 30-40% Share this moment

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