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Need to cut out the Extras.

February 17th, 2011 at 01:11 pm

I need to get my Emergency Fund Finished. If the Continuing Resolution is not fixed prior to 4 March 2011, then I am going to have pay issues.

I made a list of my expenses and posted it as a page on here. Hopefully later after I am thinking clearly I can ask for advice on whys to cut out costs that I am over looking.

My Mortgage was refinanced in July 2010 so there is not much I can do about that. It is what it is but I noticed that interest rates are higher than my 4.25% currently so that is that.

I also can't do anything about my house taxes, they were just assessed this Summer also so they are actually correct.

I am thinking maybe it is time to call my house insurance company though and see what I can do to reduce that cost or if that does not help get other quotes. BUT I think I will put that on the back burner for now because I don't want to increase my deductable until I have the increase in my in my Savings.

Today I will try to reduce my Gas/Electric Bill by reducing the heat temp and changing the time settings to match up more with what time we are getting out of bed and going to bed.

I have a list of 5 things that I think will be easy and then hopefully I will start tackling the harder stuff.

2 Responses to “Need to cut out the Extras.”

  1. mjrube94 Says:

    Do you have your property taxes taken out as part of your mortgage payment? If so, you may free up some cash by paying them separately. The mortgage company is entitled to hold more than the amount ("escrow"). You can get that extra back if you pay yourself. Two things to keep in mind: #1) you usually need to have 20% equity to be allowed to do this; and #2) you need to make sure you're disciplined enough to save and pay the taxes yourself.

  2. LittleMsMom Says:

    mjrube94:

    I pay my House Insurance, My Property Taxes and My House payment all myself. They are seperate. Yeah losing interest on that $900 cushion they wanted every year in addition to the actual real escrow amount would drive me crazy.

    The cushion and the real amount was $4500 come December so that is alot of money not to be getting interest on.

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