@Dashrender said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@Dashrender said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@gjacobse said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@Minion-Queen said in What Are You Doing Right Now:
Happy Monday everyone!
mumble mumble, growl.
My bank account is exceedingly not happy. As Pops and I were trying to fix the fridge on Saturday (just a water line broke), we happened to notice some oil leaking around the compressor.
We got the water line replaced and plugged the fridge back up, and started smelling something that smelled like food cooking.
We ignored it and went back to working on the fridge. That is when we noticed the magic smoke escaping from the compressor or the relay that turns it on or off.
Got a new fridge from the local Lowes. Turns out it's a Samsung... I got my fire insurance all updated now, just in case, lol.
Ouch - Been there done that.
Replaced the Heat Pump Last year, Washer and Dryer this year... Not to mention long over due repairs on the truck..
I just wish things would happen on my time table, instead of "surprise!" ... But such is life.
The best you can probably do is just start saving now for anything like this and it's failure. once you reach enough savings for that device to be replaced, you can stop saving for that item - of course, you have to have the discipline to never touch that money for something else. Another option would be to find the two most expensive things - say the HVAC and refrigerator, and put enough money away to replace both simultaneously. The likeliness of three things failing at once are pretty low that wouldn't be covered by home owners insurance. Now you'd be good to replace anything that fails.
This is a good idea. With just me working at the moment, I'm building a savings account.... but it's going very slowly, lol.
it's really amazing the amount of money we should having in savings for just this type of thing.
But really - I like the concept of having 1 year of all normal payments in savings, Then the new major appliances worth in savings.. then if you loose your job, you're covered for about a year.
I setup auto-withdrawal on my chequing account that takes out $5 every time I make a transaction. It helps a ton.
Another auto-withdrawal happens every time I get paid.