At the beginning of March I decided I was going to try and get out of escrowing our property taxes and home insurance.  The bank (JPMC) approved.  When we got our mortgage in 2017 we were required to escrow in order to get a better rate.  We currently have a 30 year fixed (26 years in) for 2.875% on a jumbo mortgage.  I logged into chase today and see that we are getting a disburment for $6488!  That money is going to my property taxes and my home insurance is due in August 2020.  Our property taxes are $5353.56 x 2 with the first payment due April 30th, 2021 and the second November 1st, 2021.  The extra will go into savings for our home insurance which was $909.70 in August 2020.  It actually is enough to cover us for our home insurance and first half year payment.   So my thought is $1000/month needs to go into a savings account to pay our property taxes.  When I get the check in the mail I will deposit it and move the funds into the savings account in capitol one.

I'm setting up now multiple savings accounts so I can see if we can actually stick to a budget and start saving.  I am a bit nervous but it's worth trying.  In our last house we used to pay our own escrow. It wasn't hard, but we had a little bit more flexiblity with our payments.  In the beginning it was hard and we needed to really stretch.  Then again we grew into our house. 

Now the opposite has happened.  But we are still going to try and make it.