Monday, January 02, 2017

Saving

This past Friday was a reminder why I have an account labeled "House Savings Account"(HSA). Now you may say, Daniel, you already have a house, why would you have a house savings account? Because even though you already have a house, doesn't mean that you won't have unexpected (or expected) expenses in maintaining that house.

My HVAC (13 year old heat pump) decided to give up the ghost. And yes, I could get the basic one for maybe 4k less than the top of the line, but in the end there are advantages of putting in the top of the line for a system that consumes 40-60% of my home energy costs. So shortly (having it go down over the holidays is difficult) a healthy chunk (all actually, but I have other cash accounts) 11k will be leaving my accounts. In the time we have bought this house (less than 3 years) we have had to replace the roof, an outside door and the washer and dryer. This is why every month I put 200 dollars into to my HSA (as well as its other friend accounts, travel and car maintenance).

So while it may sometimes look like I have extra un-invested money laying around, we are prepped when life comes up

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