“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”