CHAPTER 13 (BONUS CHAPTER 2)
TURNING YOUR TAX SAVINGS INTO REAL PROGRESS INSTEAD OF “DISAPPEARING MONEY” The whole point of moving from a high tax town to a lower tax town is not just to feel good about a smaller tax bill. The real power is what you do with the money that you will free up. Too often, extra cash quietly disappears into lifestyle creep. A few dinners out, some subscriptions, nicer upgrades here and there, and suddenly that ten or fifteen thousand dollars a year that was supposed to transform your future is just gone. This bonus chapter is about making sure that does not happen. Remember, as the saying goes, "If you fail to plan, you plan to fail." Step 1: Know Your Savings Number Start simple. If you move from a town where your property taxes are 32,000 dollars per year to a town where they are 20,000 dollars per year, your annual tax savings is 12,000 dollars.
That is 1,000 dollars per month.
For many households, that is:
• A full car payment (or two)
60
Powered by FlippingBook