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Home Maintenance Budget vs. Emergency Fund

- Protect Yourself from Life and Home Issues

af Joshua King
Home Maintenance Budget vs. Emergency Fund af Joshua King
Bag om Home Maintenance Budget vs. Emergency Fund

Home repairs can destroy your emergency fund. A roof can cost between $7,000-$15,000. How about a new air conditioner? $8,000. As you become an advanced saver, separating your home maintenance budget and emergency fund is a good idea. Separating the two funds allows you to see your financial situation clearly. Ideally, you would keep about $10,000 to $15,000 in your home maintenance budget for each home. It sounds tough to save six month worth of expenses in your emergency and another $10,000 in your home maintenance budget, but you can do it. Create the plan, and stick to your budget. You will get there eventually. Trust me: I am working on building my funds as well. Good Luck!

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9798355298456
  • Indbinding:
  • Paperback
  • Sideantal:
  • 64
  • Udgivet:
  • 29. september 2022
  • Størrelse:
  • 152x229x4 mm.
  • Vægt:
  • 132 g.
  • 2-3 uger.
  • 2. december 2024
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Home repairs can destroy your emergency fund. A roof can cost between $7,000-$15,000. How about a new air conditioner? $8,000.
As you become an advanced saver, separating your home maintenance budget and emergency fund is a good idea.
Separating the two funds allows you to see your financial situation clearly. Ideally, you would keep about $10,000 to $15,000 in your home maintenance budget for each home.
It sounds tough to save six month worth of expenses in your emergency and another $10,000 in your home maintenance budget, but you can do it.
Create the plan, and stick to your budget. You will get there eventually. Trust me: I am working on building my funds as well. Good Luck!

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