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Last Friday morning, I was enjoying a bowl of cereal on the couch when E came down and informed me that we had no hot water. He’d just taken an icy cold shower. Now, the thought of a cold shower pretty much makes my skin crawl. E says that my showers are almost nuclear temperatures, and that he can’t believe my skin doesn’t burn off. What can I say, I just like it hot! Well we didn’t know if it was a temporary problem because the temperature has dropped pretty drastically in Nashville and we even got some snow, so we decided to wait it out. When we still had no hot water on Saturday, we decided to call a plumber.
They were all booked up on Saturday, so we would have to wait until Monday. Considering our water heater is only 2-3 years old since our house is only 2-3 years old, we were a little concerned with why there would be a problem. We were able to take showers at E’s parents house on Sunday when we visited for dinner, thank goodness! Well the plumber came out on Monday and it ended up being the thermostats on the water heater that needed to be replaced. Bummer! So there goes an unexpected $250… *sigh*
The good thing is that we have an emergency fund set up for just this purpose. Unexpected expenses such as home or car repairs come out of our emergency fund. It’s important to have an emergency fund so you don’t find yourself piling debt back on if something bad happens. I learned about emergency funds by reading Dave Ramsey’s book, Financial Peace, when I graduated college. Supposedly you should have 2-3 months worth of income in your emergency fund in case you lose your job or something prevents you from working, so you have time to figure things out before you can’t pay your bills anymore. Either way, $250 is alot of money… and I’m sad to see it go…
Do you have a special fund set up for major repairs?