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Post by mountainma on Sept 27, 2023 6:42:28 GMT -6
A couple years ago, I started making lists of things that needed a "sinking fund." I'm really encouraged with how much we were able to do by saving ahead:
septic tank pumped new gravel for the driveway a tree removed a new microwave (we did without for a while until we had the money) a new curling iron and blow dryer
We have some BIG expenses coming up in the next year or two and I'm trying to save for that:
our heating/cooling unit is ready to die (a tech confirmed this) our fridge is old and ready to quit (having trouble keeping things cold and/or frozen we will need a new roof within a few years more trees need cut down near the house area we will need to purchase a couple of tires soon
This seems like a LOT to deal with, but making a list and working towards saving for it really helps, rather than being taken by surprise when something breaks.
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Post by michelle on Sept 28, 2023 9:38:56 GMT -6
Mountainma, that's a really good plan.
We've been doing that for our property taxes that we only pay once a year. We took what we paid last year, divided that by 12 and then set that money aside each month (we only get paid once a month).
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Post by ginakay57 on Sept 29, 2023 14:22:53 GMT -6
That’s a really good idea. It’s much easier to set aside a small portion each month or each payday rather than try to come up with a large amount unexpectedly.
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