Читать книгу Horse Economics - Catherine E O'Brien - Страница 25

♦ An escrow account is used to set aside money to pay certain predetermined bills, which in our example household’s case are new tires, automobile insurance, taxes not withheld, vacation, veterinary bills, medications, and hay for horses (see figs. 2.4 A—C).

Explanation of items on worksheet:

 New tires costing $850 will be purchased at the end of 2005. Saving $71 per month will reach that goal. ($850 ÷ 12 = $70.83)

 Automobile insurance premiums totaling $1,800 annually are paid in $450 quarterly installments. $150 set aside per month is required. ($1,800 ÷ 12 = $150)

 Taxes of approximately $600 are due April 15th. ($600 ÷ 12 = $50)

 Vacation next January will cost approximately $1,950. A monthly savings of $165 should cover it. ($1,950 ÷ 12 = $162.50)

 Veterinary costs for this household’s two horses average $1,200 per year. ($1200 ÷ 12 = $100)

 Animal medications cost approximately $1,080 per year. ($1,080 ÷ 12 = $90)