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Reply to "How much has your mortgage payment increased due to escrow? "
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[quote=Anonymous]As a tangent, this question has got me once again convinced that there needs to be some financial literacy classes in school. I didn't take one until college, and I am by no means an expert, but what valuable, practical information! It was certainly helpful for this biology major :) Compound interest, dollar cost averaging, how mortgages work, insurance, retirement, etc. My parents didn't really clue us in to a lot of this, as they consider it déclassé to talk about money, but that was a huge disservice. I will be teaching my kids these things from an early age. [/quote]
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