CHAPTER 13 (BONUS CHAPTER 2)
TURNING YOUR TAX SAVINGS INT VINGS INTO REAL PROGRESS INS OGRESS INSTEAD OF “DISAPPEARING MONEY” ARING 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 more 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 $32k per year to a town where they are $20k per year, your annual tax savings is $12k. That is 1,000 dollars per month. (You just gave yourself an 'after tax' raise of $1000.)
For many households, that is:
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