A California native transplanted in southern Illinois.I have just paid my car & 5th wheel insurance 6 month premium, so I thought this would be a good time to take a close look at my insurance and registration sinking fund.
Projecting the balance through all of next year, ignoring interest earned, it looks like I will have enough to cover both insurance premiums and both registrations next year, with the lowest balance at any point being $288.64. This is more than is needed. I intend to transfer $188.64 to checking and use it towards my next extra principal payment. That still leaves a cushion of $100 plus interest earned, which in my view is plenty.
Car Insurance & Reg Sinking Fund
December 18th, 2019 at 08:52 pm
December 18th, 2019 at 09:08 pm 1576703338