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Monthly Digest: August 2025

  • Encompass CRM
  • Jun 17
  • 1 min read

Updated: Jun 18


Monthly Digest

AUGUST 2025


This August, we’re celebrating people and pups that brighten our world — and sharing a timely reminder to brush up on your financial knowledge, just in time for back-to-school season.

August 14: Financial Awareness Day. Are your financial skills keeping pace with your goals? Sharpen them with these money-management tips. Click here to read the tips.
August 19: World Humanitarian Day. Today honors humanitarian workers across the globe who put themselves in harm's way to bring essential aid to those in crisis.
August 21: Senior Citizens Day. 'Youth is the gift of nature, but age is a work of art.' - Stanislaw Jerzy Lec
August 26: National Dog Day. Here's to all the wet nosed, furry friends who bring boundless joy to our lives!
Do You Know the Total Cost of Homeownership? When budgeting for a house, there are more costs to consider than just the mortgage principal and interest. Taxes, insurance and maintenance can make up a big part of your monthly expenses. The average property tax bill in 2024 was $1,815 annually, though this varies widely by state. In 2024, the average homeowners insurance premium rose to $190 per month. Routine maintenance generally costs 1% to 4% of the home's purchase price. That's $3,500-$14,000 a year on a $350,000 home. These costs add up quickly, so be sure to factor them in when deciding how much home you can afford. Making sure you're comfortable with the full financial commitment means fewer surprises later and more freedom to actually enjoy your home.

Sources:

[1] Tax Foundation, Property Taxes by State and County, 2024

[2] ICE Mortgage Monitor, March 2025. Represents insurance premiums among mortgaged single-family homes.

[3] HomeGuide, Average Home Maintenance Costs, May 20, 2024.

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