And the Hits Just Keep on Coming…Escrow and Health Insurance

Posted by Debt Destroyer on July 20, 2009

For some reason I love it when the mail is delivered.

I can’t really explain it. Maybe I’m hoping for a message from a secret admirer, the Victoria Secret catalog, or a random check. Who knows?

So imagine my disappointment when on the same day I got not one, but TWO notices that my monthly expenses would be going up. I felt like Tom Cruise in “A Few Good Men” after Demi Moore told him she was coming with him to Cuba.

The first one told us that our mortgage needed to be adjusted due to the escrow account being too low. If we pay the shortage of $208 now, the payment will only go up to $840. If we choose to not pay the upfront amount, the new payment would be $858.

I think we’ll pay the shortage and deal with the smaller increase. That way it will seem easier to swallow. It’s funny…five years ago our payment was just under $780/month, at this rate we’ll be pushing $900 in no time.

Oh well…

The second notice is one we dread every year. Our health insurance premium is also going up. Again. We’ve been paying $664.10/month. Starting in July we’ll be coughing up $759.20.

I thought about going about trying to find ways to lower the premium a little, but with us trying to get pregnant I also don’t want to upset the apple cart either. So I’ll call my agent to see what we can do, but we’ll probably just end up paying the higher amount.

Grrr.

Altogether we’ll end up needing to scrounge up an additional $108 a month.

Luckily for us we just had our daycare bill reduced, so we should be able to handle the additional costs. But it would have been nice to be able to so something fun/productive with the “extra money” instead of just shifting it to other bills.

But that’s how the cookie crumbles sometimes.

I think it may be awhile before I get too excited for the mail.

Ok Happy Rock readers this is where I turn to you to see how you handle these kinds of situations. Do you grin and bear it, tighten your belt, re-evaluate your expenses, or something completely different?

Until next time,

-DD

» Filed Under Health, Spending

Trackbacks/Pings

Carnival of Debt Reduction #202: Dog Days of Summer Edition | Prime Time Money on July 27th, 2009 7:04 am
DD’s Monthly Expenses - July 2009 :The Happy Rock on August 4th, 2009 8:49 am

Comments

3 Responses to “And the Hits Just Keep on Coming…Escrow and Health Insurance”

fern on July 21st, 2009 1:34 pm

This is why, i keep telling myself, working for “the man” is worth it, when you’re paying $664 a month for health premiums while i pay just $64 a month. Outrageous.

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