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Home Maintenance

September 2nd, 2018 at 03:22 pm

I'd really like to get back to building up my savings again. My savings accounts were depleted in an effort to pay down debt, but I'd like to have that assurance of having something set aside again. Also, after more than 12 years of owning my own home it has belatedly dawned on me that I really need to have an account for those unexpected, yet expected, home repairs & maintenance costs.

Posted in Savings stories, Home sweet home, Saving Money | 2 Comments »

2 Responses to “Home Maintenance”

  1. snafu Says:
    September 2nd, 2018 at 04:29 pm 1535905754
    1535905754

    I very much support your plan to create yet another savings stream for unexpected but probable home maintenance. Where does the money come from? Do you have opportunities for overtime or other increase to income? When you look at every spending category, where do you see do-able reduction? I am seeing inflation at the grocery store, gas for car and home heating + a new 20% environmental tax here. I guess we're supposed to be distracted by holidays and fun visits/

  2. rob62521 Says:
    September 3rd, 2018 at 07:36 pm 1536003373
    1536003373

    Indeed, you do need extra money for those home owner issues. We have a separate account for when we have home stuff done and use it to save for big items. We've financed our roof and driveway by saving up for it as well as a new furnace and a/c unit a number of years ago.

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